Karma Energy touches roof on getting nod to divest entire stake in Batot Hydro Power
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Karma Energy is currently trading at its upper circuit limit of Rs. 21.85, up by 1.00 points or 4.80% from its previous closing of Rs. 20.85 on the BSE.
The scrip opened at Rs. 21.70 and has touched a high and low of Rs. 21.85 and Rs. 21.70 respectively. So far 9294 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 36.75 on 06-Aug-2021 and a 52 week low of Rs. 9.92 on 09-Dec-2020.
Last one week high and low of the scrip stood at Rs. 21.85 and Rs. 18.60 respectively. The current market cap of the company is Rs. 25.28 crore.
The promoters holding in the company stood at 74.70%, while Non-Institutions held 25.30% stake in the company.
Karma Energy has received approval from board of directors for disinvestment of entire stake in wholly owned material subsidiary company namely -- Batot Hydro Power. The total consideration to be received from such disposal is Rs 10 per share aggregating to Rs 35 crore. The Board of Directors at their meeting held on December 08, 2021 has approved the same.
Karma Energy is engaged in to the production and development of Renewable Energy Sector.
