Mukand surges on completing sale of 5.51% stake in Mukand Sumi Special Steel
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Mukand is currently trading at Rs. 134.90, up by 2.95 points or 2.24% from its previous closing of Rs. 131.95 on the BSE.
The scrip opened at Rs. 132.10 and has touched a high and low of Rs. 136.35 and Rs. 132.00 respectively. So far 6707 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.00 on 24-Mar-2023 and a 52 week low of Rs. 97.50 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 136.35 and Rs. 126.05 respectively. The current market cap of the company is Rs. 1956.47 crore.
The promoters holding in the company stood at 74.36%, while Institutions and Non-Institutions held 2.23% and 23.41% respectively.
Mukand has completed the sale and transfer of 25,71,150 equity shares constituting 5.51% of the equity share capital of Mukand Sumi Special Steel, a Joint Venture of Bajaj Group, (Sale Shares) to Jamnalal Sons, a promoter group entity of the Company, at Rs 574 per share and has received the entire consideration of Rs 147.58 crore towards the sale of the said Sale Shares.
Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.
