GMM Pfaudler soars on getting nod to acquire balance 46% stake in GMMI
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GMM Pfaudler is currently trading at Rs. 1921.60, up by 81.90 points or 4.45% from its previous closing of Rs. 1839.70 on the BSE.
The scrip opened at Rs. 1840.00 and has touched a high and low of Rs. 1926.70 and Rs. 1840.00 respectively. So far 12194 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2110.00 on 06-Sep-2022 and a 52 week low of Rs. 1251.00 on 14-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1926.70 and Rs. 1830.00 respectively. The current market cap of the company is Rs. 8362.67 crore.
The promoters holding in the company stood at 54.95%, while Institutions and Non-Institutions held 17.94% and 27.11% respectively.
GMM Pfaudler has received approval from the Secretary of State for Business, Energy and Industrial Strategy, United Kingdom (UK) on September 21, 2022 to acquire balance 46% shareholding in GMM International S.a.r.l (GMMI). With this transaction, GMMI will become a wholly owned subsidiary of the company.
GMM Pfaudler is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.
