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Ion Exchange (India) jumps on getting nod to acquire stake in MAPRIL

20 Apr 2023 Evaluate

Ion Exchange (India) is currently trading at Rs. 3439.00, up by 70.60 points or 2.10% from its previous closing of Rs. 3368.40 on the BSE.

The scrip opened at Rs. 3370.05 and has touched a high and low of Rs. 3509.95 and Rs. 3342.65 respectively. So far 7447 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3548.65 on 05-Apr-2023 and a 52 week low of Rs. 1500.70 on 29-Jul-2022.

Last one week high and low of the scrip stood at Rs. 3509.95 and Rs. 3323.35 respectively. The current market cap of the company is Rs. 4932.10 crore.

The promoters holding in the company stood at 26.95%, while Institutions and Non-Institutions held 13.53% and 59.52% respectively.

Ion Exchange (India) has received approval to invest and takeover a Target company namely - MAPRIL - Produtos Quimicos e Maquinas Para a Industria, Lda which is located in Portugal. The company shall invest around Rs 24 crore (subject to closing adjustments) and acquire 11,11,500 equity shares equivalent to 100% of the issued and paid-up equity capital of MAPRIL - Produtos Quimicos e Maquinas Para a Industria, Lda as per the Share Purchase Agreement to be executed. The Board of Directors of the company, at its Meeting held April 20, 2023, approved the same.

Ion Exchange (India) pioneered water treatment in India and is the country's premier company in water and environment management, with a strong international presence.


ION Exchage Share Price

400.25 4.40 (1.11%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
VA Tech Wabag 1390.95
ION Exchage 400.25
Race Eco Chain 133.00
RESGEN 65.08
GEM Enviro 47.27
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