Shilpa Medicare gains on getting nod to transfer API Business to WOS

13 Jul 2021 Evaluate

Shilpa Medicare is currently trading at Rs. 610.80, up by 7.70 points or 1.28% from its previous closing of Rs. 603.10 on the BSE.

The scrip opened at Rs. 609.00 and has touched a high and low of Rs. 628.20 and Rs. 608.00 respectively. So far 122787 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 692.45 on 11-Aug-2020 and a 52 week low of Rs. 317.05 on 19-Mar-2021.

Last one week high and low of the scrip stood at Rs. 608.20 and Rs. 535.00 respectively. The current market cap of the company is Rs. 4989.45 crore.

The promoters holding in the company stood at 53.25%, while Institutions and Non-Institutions held 20.64% and 26.12% respectively.

Shilpa Medicare has received approval from Board of Directors for transfer of API Business of the Company consisting of Unit-1 and Unit-2 situated at Raichur, Karnataka by way of slump sale to a wholly Owned Subsidiary (WOS) of the Company (to be incorporated) subject to the approval of Shareholders.

Shilpa Medicare produces and exports consistently high-quality Active Pharmaceutical Ingredients Fine Chemicals, intermediates, herbal products and speciality chemical products using sophisticated technology, meticulously following international specifications.

Shilpa Medicare Share Price

460.50 6.60 (1.45%)
28-Mar-2024 16:01 View Price Chart
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