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Sicagen India inches up on getting approval for investment in Greenstar Fertilizers

19 Sep 2011 Evaluate

Sicagen India is currently trading at Rs. 20.10, up by 0.55 points or 2.81% from its previous closing of Rs. 19.55 on the BSE.

The scrip opened at its day’s high of Rs 21.70 and has touched a high and low of Rs 21.70 and Rs 19.45 respectively. So far 1772 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 36.00 on 11-Nov-2010 and a 52 week low of Rs 17.00 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs 21.70 and Rs 19.35 respectively. The current market cap of the company is Rs 77.36 crore.

The promoters holding in the company stood at 43.17 % while Institutions and Non-Institutions held 2.97 % and 53.86 % respectively.

Sicagen India has received an approval to make investment by way of subscription or purchase of preference shares of Greenstar Fertilizers for an amount not exceeding Rs 50 crore. The board at its meeting held on September 17, 2011 has considered and approved the same. However, the approval is subject to the approval of shareholders through passing of requisite resolutions by means of postal ballot.

Further, the company has also received an approval to give guarantee and/or provide security in connection with a loan/financial assistance availed or to be availed by EDAC Automation to the extent of Rs 2 crore. Sicagen India holds 4,49,970 equity shares in EDAC Automation.

Sicagen India is country's leading provider of trading and marketing services for construction-related industrial and retail infrastructure.

EDAC Automation formerly Sical Yamatake, provides total plant instrumentation and automation solutions for the power, fertilizer, chemical, petrochemical, and oil & gas sectors.

Sicagen India Share Price

55.00 0.00 (0.00%)
22-Apr-2026 13:14 View Price Chart
Peers
Company Name CMP
Redington 225.85
Adani Enterprises 2251.00
Amrapali Industries 17.30
Rashi Peripheral 470.65
PDS 290.20
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