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GOCL Corporation shines on getting nod to acquire APDL Estates

07 Aug 2020 Evaluate

GOCL Corporation is currently trading at Rs. 194.95, up by 4.00 points or 2.09% from its previous closing of Rs. 190.95 on the BSE.

The scrip opened at Rs. 204.00 and has touched a high and low of Rs. 207.00 and Rs. 188.10 respectively. So far 14334 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 349.80 on 06-Sep-2019 and a 52 week low of Rs. 111.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 207.00 and Rs. 153.70 respectively. The current market cap of the company is Rs. 966.66 crore.

The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 3.70% and 21.37% respectively.

GOCL Corporation’s board has approved the acquisition of full shareholding, subject to satisfactory due diligence, of APDL Estates (APDLE), at a consideration of Rs 62 crore without the liabilities on the date of acquisition, from Hinduja Realty Ventures (HRVL).

At present, APDLE has a commercial building in Begumpet, Hyderabad, with a revenue area of about 45,000 square feet and development rights on a land measuring 1,594 sq yards with a three-storied building thereon, situated at Malleshwaram, Bangalore. The acquisition will help consolidate the realty business of the company. The proposed acquisition is expected to be completed by December 2020. The Board of Directors of the company, at its meeting held on August 5, 2020 has approved the same.

GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations

GOCL Corporation Share Price

323.45 14.30 (4.63%)
17-Apr-2026 16:59 View Price Chart
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