MTAR Technologies gains on inking pact to acquire entire stake in GEE PEE Aerospace & Defence
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MTAR Technologies is currently trading at Rs. 1487.00, up by 32.65 points or 2.24% from its previous closing of Rs. 1454.35 on the BSE.
The scrip opened at Rs. 1524.00 and has touched a high and low of Rs. 1526.20 and Rs. 1485.00 respectively. So far 7541 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2555.65 on 03-Jan-2022 and a 52 week low of Rs. 954.00 on 08-Jun-2021.
Last one week high and low of the scrip stood at Rs. 1526.20 and Rs. 1410.45 respectively. The current market cap of the company is Rs. 4609.17 crore.
The promoters holding in the company stood at 50.26%, while Institutions and Non-Institutions held 29.65% and 20.10% respectively.
MTAR Technologies has entered into Share Purchase Agreement (SPA) with sellers and GEE PEE Aerospace & Defence on June 02, 2022 for acquisition of 100% stake in GEE PEE Aerospace & Defence.
MTAR Technologies is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns).
