Avon Organics is currently trading at Rs 28.40, up by 1.35 points or 4.99% from its previous closing of Rs 27.05 on the BSE.
The scrip opened at Rs 27.35 and has touched a high and low of Rs 28.90 and Rs 27.35 respectively. So far 64912 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 41.40 on 14-Mar-2012 and a 52 week low of Rs 17.30 on 31-Jul-2012.
Last one week high and low of the scrip stood at Rs 28.00 and Rs 26.50 respectively. The current market cap of the company is Rs 60.86 crore.
The promoters holding in the company stood at 63.60% while Institutions and Non-Institutions held 0.70% and 35.70% respectively.
Japan based Mitsui & Company has made a strategic investment in Avon Organics’ parent company - Arch Pharmalabs (Arch) through a secondary market transaction, whereby the Japanese company has purchased 27.29% equity capital of Arch from private equity investors.
The transaction has been completed on January 16, 2013. Subsequent to which Mitsui & Company’s shareholding in Arch has increased from 4.67% to 31.96%.
Arch presently hold 63.60% equity capital of Avon Organics thereby making it a subsidiary company. However, there is no change envisaged/contemplated in the control and management of Arch Pharmalabs and/or at Avon Organics, pursuant to strategic investment by Mistui & Company in Arch.
Company Name | CMP |
---|---|
Sun Pharma Inds. | 1532.00 |
Dr. Reddys Lab | 5780.70 |
Cipla | 1442.00 |
Zydus Lifesciences | 1088.45 |
Lupin | 1683.50 |
View more.. |