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Carysil rises as its arm to acquire remaining 30% stake in Carysil Brassware

28 Aug 2024 Evaluate

Carysil is currently trading at Rs. 923.45, up by 6.60 points or 0.72% from its previous closing of Rs. 916.85 on the BSE.

The scrip opened at Rs. 933.80 and has touched a high and low of Rs. 934.35 and Rs. 917.00 respectively. So far 17369 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1148.10 on 13-Feb-2024 and a 52 week low of Rs. 593.50 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 938.00 and Rs. 838.55 respectively. The current market cap of the company is Rs. 2613.81 crore.

The promoters holding in the company stood at 43.79%, while Institutions and Non-Institutions held 7.90% and 48.31% respectively.

Carysil’s wholly owned subsidiary -- Carysil UK is all set to acquire remaining 30% equity shares of Carysil Brassware (Formerly known as The Tap Factory), based at Yorkshire, UK. The object of acquiring this Company is to get access to the Tap Design and marketing capabilities in its Kitchen and bath segments. This product is a complimentary product of its existing business segment.

This acquisition of balance 30% shareholding will make this company 100% wholly owned subsidiary of Carysil UK and will help the company to develop new products and strengthen its position further in UK Kitchen and bathroom segment.

Carysil is a leading manufacturer of composite quartz and granite kitchen sinks in India. The company exports granite sinks to more than 20 countries worldwide.

Carysil Share Price

901.40 11.20 (1.26%)
17-Apr-2026 16:59 View Price Chart
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