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Facor Alloys trades jubilantly on acquiring 51% stake in Netherlands based company DBR

05 Mar 2013 Evaluate

Facor Alloys is currently trading at Rs. 1.70, up by 0.09 points or 5.59% from its previous closing of Rs. 1.61 on the BSE.

The scrip opened at Rs. 1.60 and has touched a high and low of Rs. 1.83 and Rs. 1.60 respectively. So far 72327 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 4.80 on 30-Mar-2012 and a 52 week low of Rs. 1.48 on 27-Feb-2013.

Last one week high and low of the scrip stood at Rs. 1.88 and Rs. 1.48 respectively. The current market cap of the company is Rs. 32.85 crore.

The promoters holding in the company stood at 46.55% while Institutions and Non-Institutions held 0.03% and 53.42% respectively.

Facor Alloys through its overseas wholly owned subsidiary namely Facor Minerals (Netherlands) B.V. has acquired a 51% stake in a Netherlands based company - Dillenburg Bergen NH Realty B.V. (DBR) for a consideration of $10 million.

The Netherlands based overseas company DBR has a wholly owned subsidiary namely Cati Madencilik Ithalat ve lhracat A.S. in Turkey which is having a Chrome Ore Mining area of 572 ha and exploration licence for an area of 26 ha in Kayseri, Turkey.

Facor Alloys engages in ferro alloys business. It produces high carbon ferro chrome. Its principal activity is the manufacture and selling of ferro chrome.

Facor Alloys Share Price

2.84 -0.31 (-9.84%)
20-Apr-2026 16:59 View Price Chart
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