Jayshree Chemicals zooms on completing acquisition of 100% stake in Bangur Exim
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Jayshree Chemicals is currently trading at Rs. 5.79, up by 0.32 points or 5.85% from its previous closing of Rs. 5.47 on the BSE.
The scrip opened at Rs. 5.55 and has touched a high and low of Rs. 5.95 and Rs. 5.47 respectively. So far 8869 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 9.49 on 06-Sep-2022 and a 52 week low of Rs. 4.61 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 5.95 and Rs. 4.65 respectively. The current market cap of the company is Rs. 16.98 crore.
The promoters holding in the company stood at 46.27%, while Institutions and Non-Institutions held 0.71% and 53.02% respectively.
Jayshree Chemicals has completed the acquisition of 100% equity shares of Bangur Exim. Accordingly, Bangur Exim has become a wholly owned subsidiary of the Company with effect from March 31, 2023.
Recently, the company had received approval for sale of windmill of the company situated at Coimbatore, Tamil Nadu to M/s. Naruvizhi Powers on a slump sale basis for a total consideration of Rs 4.70 crore. The Board of Directors of the Company at its meeting held on March 23, 2023, approved the same.
Jayshree Chemicals is engaged in the manufacturing of caustic soda, chlorine, hydrochloric acid, sodium hydrosulphite, sulphur dioxide and sulphuric acid. .The company also in the business segment of Power, Chemicals.
