ESAB India jumps on getting nod to invest in Special Purpose Vehicle
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Esab India is currently trading at Rs. 3659.80, up by 55.95 points or 1.55% from its previous closing of Rs. 3603.85 on the BSE.
The scrip opened at Rs. 3629.75 and has touched a high and low of Rs. 3681.20 and Rs. 3613.25 respectively. So far 435 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4304.35 on 03-Jan-2023 and a 52 week low of Rs. 2999.15 on 28-Mar-2022.
Last one week high and low of the scrip stood at Rs. 3686.05 and Rs. 3530.00 respectively. The current market cap of the company is Rs. 5618.45 crore.
The promoters holding in the company stood at 73.72%, while Institutions and Non-Institutions held 14.00% and 12.28% respectively.
ESAB India has received approval from board of directors to invest 26% of equity in a Special Purpose Vehicle which will generate and supply solar power to the company for a value of up to Rs 1.5 crore. The Board of Directors at its meeting held on March 23, 2023 has approved the same.
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