Century Textiles & Industries moves up as its arm to acquire land parcel in Thane
Century Textiles & Industries is currently trading at Rs. 896.30, up by 8.60 points or 0.97% from its previous closing of Rs. 887.70 on the BSE.
The scrip opened at Rs. 895.05 and has touched a high and low of Rs. 902.55 and Rs. 893.40 respectively. So far 3894 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 950.80 on 07-Jul-2023 and a 52 week low of Rs. 588.80 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 950.80 and Rs. 885.00 respectively. The current market cap of the company is Rs. 10011.28 crore.
The promoters holding in the company stood at 50.21%, while Institutions and Non-Institutions held 23.98% and 25.81% respectively.
Century Textiles & Industries’ wholly owned subsidiary -- Birla Estates (BEPL) has received an approval for the proposal to acquire the land parcel situated at Kalwa, Thane, Maharashtra from Hindalco Industries (HIL) for a total consideration of about Rs 595 crore to be paid over a period of time in multiple tranches and 1.5% of the Sales Revenue. The definitive documents shall be signed in due course. The board of directors of the company at its meeting held on July 12, 2023 has approved the same.
Century Textiles & Industries is principally engaged in manufacturing of Textiles, Cement, Pulp and Paper and Real estate.
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