Genus Power Infrastructures surges on incorporating wholly owned subsidiary
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Genus Power Infrastructures is currently trading at Rs. 79.70, up by 2.05 points or 2.64% from its previous closing of Rs. 77.65 on the BSE.
The scrip opened at Rs. 76.00 and has touched a high and low of Rs. 79.90 and Rs. 76.00 respectively. So far 111336 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 113.00 on 21-Apr-2022 and a 52 week low of Rs. 55.75 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 79.90 and Rs. 75.50 respectively. The current market cap of the company is Rs. 2048.64 crore.
The promoters holding in the company stood at 50.44%, while Institutions and Non-Institutions held 7.23% and 42.33% respectively.
Genus Power Infrastructures has incorporated a company in the name of ‘Hi-Print Metering Solutions’ in India on August 22, 2022 as a 100% Wholly Owned Subsidiary of the Company with the object to carry on the business of installing/operating all types of smart metering (including Energy metering, Gas metering, and Water metering) on turn-key basis or under CAPEX-OPEX-TOTEX base BOOT Model.
The Company has subscribed initial capital of 1,00,000 Equity Shares of Rs 1 each aggregating to Rs 1,00,000 in the wholly owned subsidiary.
Genus Power Infrastructures (GPIL) is engaged in the manufacture and distribution of electronic energy meters, power distribution management projects, hybrid microcircuits, inverters, batteries, home UPS and online UPS in India and abroad.
