08-02-2022 02:54 PM | Source: Accord Fintech
RattanIndia Enterprises surges as its arm gets approval for ‘Aero’ Domain
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RattanIndia Enterprises is currently trading at Rs. 44.80, up by 0.90 points or 2.05% from its previous closing of Rs. 43.90 on the BSE.

The scrip opened at Rs. 43.30 and has touched a high and low of Rs. 45.70 and Rs. 43.20 respectively. So far 198293 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 69.50 on 03-Aug-2021 and a 52 week low of Rs. 30.50 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 45.70 and Rs. 41.35 respectively. The current market cap of the company is Rs. 6192.57 crore.

The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 9.43% and 15.76% respectively.

RattanIndia Enterprises’ (REL) subsidiary -- Throttle Aerospace Systems (TAS) has received an approval to migrate its website to Aero Domain. Created in 2002 and operated by SITA, ‘aero’ is the first top level domain based on a single industrial theme. The domain is reserved for the companies, organizations, government agencies, and any association reserved in the aerospace-related fields. Rattanindia Enterprises had recently acquired a controlling interest in India’s leading drone company, Throttle Aerospace Systems, by acquiring majority of shareholding through NeoSky India.

The ‘aero’ domain showcase strong presence of TAS in the industry and it’s also highly trusted and recognized by customers. The prefix ‘aero’ identifies the role played by TAS in this industry. The domain is unique, short, and easy to remember, allowing its customers find it easily on the web. The new domain not only aligns with TAS’s aviation affiliation but also gives it the opportunity to stand out in the aerospace as a company of integrity by joining a domain and adhering to its rules, which comes with protected integrity.

RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.