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Craftsman Automation shines on entering into MoU with Sunbeam, Kedaara

25 Jun 2024 Evaluate

Craftsman Automation is currently trading at Rs. 5211.00, up by 376.00 points or 7.78% from its previous closing of Rs. 4835.00 on the BSE.

The scrip opened at Rs. 4842.05 and has touched a high and low of Rs. 5289.15 and Rs. 4842.05 respectively. So far 7621 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5510.00 on 22-Dec-2023 and a 52 week low of Rs. 3782.05 on 20-Mar-2024.

Last one week high and low of the scrip stood at Rs. 5289.15 and Rs. 4768.45 respectively. The current market cap of the company is Rs. 11534.17 crore.

The promoters holding in the company stood at 54.99%, while Institutions and Non-Institutions held 28.55% and 16.46% respectively.

Craftsman Automation has entered into a Memorandum of Understanding (MoU) with Sunbeam Lightweighting Solutions (Sunbeam) and Kedaara Capital Fund II LLP (Kedaara), for acquiring the whole or part of the business of Sunbeam (excluding certain specific assets of Sunbeam situated in Gurugram) in one or more tranches (Proposed Transaction).

The completion of the proposed transaction remains subject to inter alia, completion of due diligence, final approval of the Board of Directors of the Company, execution of definitive documents, and completion of other customary conditions as may be required under law.

Craftsman Automation is a diversified engineering company engaged in: (a) Automotive - Powertrain and Others, (b) Automotive - Aluminium Products, and (c) Industrial and Engineering segments.


Craftsman Automation Share Price

7428.40 33.10 (0.45%)
15-Apr-2026 16:59 View Price Chart
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