GMM Pfaudler trades in green on entering into agreement to acquire Mixel
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GMM Pfaudler is currently trading at Rs. 1954.95, up by 6.65 points or 0.34% from its previous closing of Rs. 1948.30 on the BSE.
The scrip opened at Rs. 1950.00 and has touched a high and low of Rs. 1999.00 and Rs. 1934.75 respectively. So far 9243 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2189.50 on 07-Nov-2022 and a 52 week low of Rs. 1,249.75 on 14-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1999.00 and Rs. 1890.45 respectively. The current market cap of the company is Rs. 8762.39 crore.
The promoters holding in the company stood at 56.06%, while Institutions and Non-Institutions held 17.32% and 26.62% respectively.
GMM Pfaudler through its wholly owned subsidiary -- Pfaudler GmbH, has entered into an agreement on December 8, 2022 to acquire Mixel France SAS and its wholly owned subsidiary Mixel Agitator Co. (collectively known as ‘Mixel’). The acquisition is subject to French law and will follow the general principles of information and consultation with the works council. A total consideration of euro 7 million will be paid to acquire 100% shareholding in Mixel and the transaction will be funded through a mix of internal accruals and debt. Mixel designs and manufactures customised mixing systems for a wide range of industrial applications.
GMM Pfaudler is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.
