Kabra Extrusiontechnik surges on acquiring entire stake in Kolsite Energy
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Kabra Extrusiontechnik is currently trading at Rs. 580.70, up by 14.55 points or 2.57% from its previous closing of Rs. 566.15 on the BSE.
The scrip opened at Rs. 571.80 and has touched a high and low of Rs. 595.00 and Rs. 556.05 respectively. So far 20488 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 644.65 on 09-Feb-2023 and a 52 week low of Rs. 256.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 595.00 and Rs. 539.45 respectively. The current market cap of the company is Rs. 1882.11 crore.
The promoters holding in the company stood at 60.45%, while Institutions and Non-Institutions held 0.51% and 39.04% respectively.
Kabra Extrusiontechnik has acquired 100% of the equity of Kolsite Energy at a total consideration of Rs 10,000 on March 08, 2023. Kolsite Energy will be used as a Special Purpose Vehicle for setting up a new manufacturing plant in North India for manufacturing Lithium-ion battery packs.
Kabra Extrusiontechnik (KET), a part of Kolsite group is a leading manufacturer of Plastic extrusion machinery in India. KET offers a wide range of hi-tech single and twin screw extrusion lines for pipes, profiles, pellets, teleduct and mono & multilayer blown films plants.
