Kriti Industries gains on acquiring 34.78% stake in FP Elite Energy
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Kriti Industries (India) is currently trading at Rs. 91.40, up by 0.45 points or 0.49% from its previous closing of Rs. 90.95 on the BSE.
The scrip opened at Rs. 93.35 and has touched a high and low of Rs. 96.00 and Rs. 90.20 respectively. So far 659 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 146.00 on 28-Dec-2021 and a 52 week low of Rs. 63.75 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 96.50 and Rs. 89.00 respectively. The current market cap of the company is Rs. 451.14 crore.
The promoters holding in the company stood at 66.35%, while Institutions and Non-Institutions held 0.09% and 33.56% respectively.
Kriti Industries (India) has subscribed and FP Elite Energy has allotted 7,88,141 Equity Shares of Rs 10 each constituting 34.78% of Equity Capital on October 11, 2022. Therefore, FP Elite Energy has become Associate Company of Kriti Industries (India).
Kriti Industries (India) is engaged in manufacturing, processing, buying, selling, reselling and importing of pipes and fitting polyvinyl chloride (PVC) extrusions, low density polyethylene (LDPE) and high density polyethylene (HDPE).
