Indian Card Clothing Company trades jubilantly on getting nod to invest in ICC International Agencies
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Indian Card Clothing Company is currently trading at Rs. 234.95, up by 24.85 points or 11.83% from its previous closing of Rs. 210.10 on the BSE.
The scrip opened at Rs. 213.55 and has touched a high and low of Rs. 239.05 and Rs. 213.55 respectively. So far 1083 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 329.65 on 10-May-2022 and a 52 week low of Rs. 197.30 on 22-Nov-2022.
Last one week high and low of the scrip stood at Rs. 239.05 and Rs. 208.00 respectively. The current market cap of the company is Rs. 132.43 crore.
The promoters holding in the company stood at 67.33%, while Institutions and Non-Institutions held 0.03% and 32.64% respectively.
The Indian Card Clothing Company has received approval to invest in the equity share capital of ICC International Agencies, wholly owned subsidiary of the Company by participating in its Rights Issue. The Company’s holding in the subsidiary continues to be 100% even after acquiring 3,00,000 equity shares of the Company under Rights Issue. The Board of Directors of the Company in its meeting held on February 11, 2023 considered and approved the same.
The Indian Card Clothing Company is a precision engineering company that manufactures and supplies card clothing products and carding solutions for the textile industry.
