Sat Industries shines on getting nod to sell 18.79% stake in Genext Students
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Sat Industries is currently trading at Rs. 42.50, up by 1.40 points or 3.41% from its previous closing of Rs. 41.10 on the BSE.
The scrip opened at Rs. 43.50 and has touched a high and low of Rs. 43.50 and Rs. 42.05 respectively. So far 6062 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 62.40 on 10-Jan-2022 and a 52 week low of Rs. 27.70 on 22-Jul-2022.
Last one week high and low of the scrip stood at Rs. 43.50 and Rs. 40.40 respectively. The current market cap of the company is Rs. 464.78 crore.
The promoters holding in the company stood at 51.59%, while Non-Institutions held 48.41% stake in the company.
Sat Industries has received approval to sell 10,10,127 equity shares constituting 18.79% of share capital of the Genext Students to Navneet Futuretech. The Board of Directors of the Company at the meeting held on September 23, 2022, has approved the same.
Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.
