Pil Italica Lifestyle gains on planning to acquire stake in Atmospheres Workspace Solutions

15 Mar 2022 Evaluate

PIL ITALICA Lifestyle is currently trading at Rs. 10.80, up by 0.05 points or 0.47% from its previous closing of Rs. 10.75 on the BSE.

The scrip opened at Rs. 11.00 and has touched a high and low of Rs. 11.10 and Rs. 10.55 respectively. So far 63354 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 19.30 on 05-Apr-2021 and a 52 week low of Rs. 5.41 on 01-Sep-2021.

Last one week high and low of the scrip stood at Rs. 11.21 and Rs. 9.30 respectively. The current market cap of the company is Rs. 256.62 crore.

The promoters holding in the company stood at 50.09%, while Institutions and Non-Institutions held 0.65% and 49.26% respectively.

Pil Italica Lifestyle is planning to acquire 1421 Compulsory Convertible Preference Shares (CCPS) in Atmospheres Workspace Solutions against Rs 2.49 crore. A strategic investment will be made by the company to integrate its existing product line with the wooden and steel furniture for both office and home use and to remain competitive with the technology, product quality and to keep up with the customer’s need requirement of the market. This investment will bring synergies leading to the creation of an incremental and long-term shareholder value.

Pil Italica Lifestyle is engaged in the manufacturing of Plastic Moulded, Household and Industrial Articles and Moulded Furniture.


PIL ITALICA Life Share Price

11.74 0.02 (0.17%)
28-Mar-2024 16:01 View Price Chart
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