GlaxoSmithKline Consumer Healthcare is currently trading at Rs. 3690.05, up by 40.20 points or 1.10 % from its previous closing of Rs. 3651.80 on the BSE.
The scrip opened at Rs. 3844.00 and has touched a high and low of Rs. 3894.90 and Rs. 3674.65 respectively. So far 40830 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3894.90 on 27-Nov-2012 and a 52 week low of Rs. 2179.00 on 18-Jul-2012.
Last one week high and low of the scrip stood at Rs. 3894.90 and Rs. 3015.00 respectively. The current market cap of the company is Rs. 15476.44 crore.
The promoters holding in the company stood at 43.16% while Institutions and Non-Institutions held 31.90% and 24.94% respectively.
London-based GlaxoSmithKline on Monday launched $940-million open offer to hike its stake in its consumer products company in India -GlaxoSmithKline Consumer Healthcare - from 43.2% to 75%. GSK would pay Rs 3,900 a piece to the shareholders tendering their shares in the open offer, which would begin in January next year. London based company has launched a similar open offer in GlaxoSmithKline ConsumerNigeria Plc to increase its stake to 80%.
The transaction for the consumer products firm would be funded through GSK’s existing cash wealth. It would be earnings-neutral for the first year and accretive thereafter, and will not impact GSK’s long-term share buyback plans.
GSK Consumer Healthcare sells products under brands including, Horlicks, Boost, Viva and Maltova. In over the counter category, it sells Crocin, Eno and Iodex.
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