Asahi India Glass is currently trading at Rs. 447.00, up by 8.85 points or 2.02% from its previous closing of Rs. 438.15 on the BSE.
The scrip opened at Rs. 459.00 and has touched a high and low of Rs. 477.95 and Rs. 442.00 respectively. So far 54993 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 612.70 on 03-Feb-2022 and a 52 week low of Rs. 308.05 on 02-Jun-2021.
Last one week high and low of the scrip stood at Rs. 477.95 and Rs. 425.00 respectively. The current market cap of the company is Rs. 10902.58 crore.
The promoters holding in the company stood at 54.24%, while Institutions and Non-Institutions held 3.40% and 42.36% respectively.
Asahi India Glass has received approval to purchase 100% equity shares of Shield Autoglass (SAL) from existing shareholders. The board of directors at its meeting held on May 25, 2022 has approved the same.
The object of the acquisition is to get access to downstream consumer retail market segment, which is poised for huge growth. Shield Autoglass has well- established brand, proven track record of quality service and consumer satisfaction, as well as an excellent well- trained employee base, for last 22 years.
Acquisition of retail consumer facing business line of Shield Autoglass will give head-start to the Company in the consumer glass segment. There is no effect of acquisition on the structure of the Company.
Asahi India Glass (AIS) is India’s leading integrated glass company engaged in production and delivery of next-generation glass products and solutions to retail and institutional customers.
Company Name | CMP |
---|---|
Asahi India Glass | 605.00 |
Hind National Glass | 22.03 |
Borosil Renewables | 521.75 |
Empire Inds | 1087.45 |
La Opala R G | 327.15 |
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