Anupam Rasayan zooms on completeing acquisition of 24.96% stake in Tanfac Industries
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Anupam Rasayan India is currently trading at Rs. 879.05, up by 26.90 points or 3.16% from its previous closing of Rs. 852.15 on the BSE.
The scrip opened at Rs. 870.00 and has touched a high and low of Rs. 921.60 and Rs. 869.80 respectively. So far 26397 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1106.00 on 02-Feb-2022 and a 52 week low of Rs. 472.25 on 31-Mar-2021.
Last one week high and low of the scrip stood at Rs. 914.30 and Rs. 774.00 respectively. The current market cap of the company is Rs. 8841.27 crore.
The promoters holding in the company stood at 65.40%, while Institutions and Non-Institutions held 9.48% and 25.12% respectively.
Anupam Rasayan India has completed the acquisition of 24.96% of the total equity shareholding of and joint control of Tanfac Industries (TIL) from Birla Group Holdings (BGH), (a promoter company which is part of Aditya Birla Group) and few other promoter group of TIL (Sellers).
The company has acquired joint management control and has become promoter of the company along with Tamilnadu Industrial Development Corporation (TIDCO) with effect from March 11, 2022, pursuant to acquisition of shares as aforesaid and under the terms of the Amendment to the Joint Venture Agreement Dated February 1, 2022 executed between the Company, TIDCO, Tanfac Industries and Birla Group Holdings.
Anupam Rasayan India is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India.
