Gujarat Apollo Industries gains as its arm to acquire 100% stake in Fieldtrack Earthmovers

Gujarat Apollo Industries Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 522217 | NSE: GUJAPOLLO

09 Dec 2024 Evaluate

Gujarat Apollo Industries is currently trading at Rs. 358.80, up by 3.70 points or 1.04% from its previous closing of Rs. 355.10 on the BSE.

The scrip opened at Rs. 370.95 and has touched a high and low of Rs. 370.95 and Rs. 358.00 respectively. So far 2035 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 415.05 on 27-Aug-2024 and a 52 week low of Rs. 211.80 on 28-Mar-2024.

Last one week high and low of the scrip stood at Rs. 372.75 and Rs. 301.00 respectively. The current market cap of the company is Rs. 427.57 crore.

The promoters holding in the company stood at 51.99%, while Institutions and Non-Institutions held 0.03% and 47.98% respectively.

Gujarat Apollo Industries’ wholly owned subsidiary -- AEML Investments (AEML) has entered into a Share Purchase Agreement on December 7, 2024 with the Shareholders of the company, Fieldtrack Earthmovers (FEPL) for purchasing 100% equity shares of a face value of Rs 10 in a phased manner at an aggregate consideration of not exceeding Rs 49 lakh.

AEML shall constitute 100% of the issued and paid up share capital of FEPL upon completion of the full subscription. FEPL is based in Mehsana district of Gujarat State and is manufacturing agricultural equipment and related machinery such as Mini Tractors (15 hp to 25 hp) and related attachments.

Gujarat Apollo Industries is primarily engaged in the manufacturing of different types of Mining & Road Construction and Maintenance Machineries catering to the needs of the majority of the mining companies in India and many parts of the world.

Guj. Apollo Inds Share Price

372.15 0.00 (0.00%)

18-Jun-2026 16:59 View Price Chart

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