Forbes & Company zooms on selling land at Chandivali
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Forbes & Company is currently trading at Rs. 414.00, up by 13.75 points or 3.44% from its previous closing of Rs. 400.25 on the BSE.
The scrip opened at Rs. 415.00 and has touched a high and low of Rs. 424.80 and Rs. 403.40 respectively. So far 3505 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 487.73 on 10-Jan-2022 and a 52 week low of Rs. 139.69 on 11-June-2021.
Last one week high and low of the scrip stood at Rs. 424.80 and Rs. 360.00 respectively. The current market cap of the company is Rs. 534.97 crore.
The promoters holding in the company stood at 73.85%, while Institutions and Non-Institutions held 12.50% and 13.65% respectively.
Forbes & Company has completed the transaction for sale of 15,394.50 square meters of land at Chandivali with Equinix India (Equinix) and received entire consideration of Rs 235 crore after deduction of applicable tax at source.
Forbes & Company has three main businesses; namely engineering, shipping and logistics and business automation.
