Sat Industries surges on selling 3.55% stake held in Aeroflex Industries
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Sat Industries is currently trading at Rs. 75.06, up by 2.66 points or 3.67% from its previous closing of Rs. 72.40 on the BSE.
The scrip opened at Rs. 74.72 and has touched a high and low of Rs. 78.02 and Rs. 74.00 respectively. So far 30528 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 84.05 on 25-Jan-2023 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. 78.02 and Rs. 71.60 respectively. The current market cap of the company is Rs. 846.67 crore.
The promoters holding in the company stood at 51.59%, while Institutions and Non-Institutions held 0.88% and 47.53% respectively.
Sat Industries has sold 40,63,337 (3.55%) equity shares held in its material subsidia Aeroflex Industriestry, to Carnelian Structural Fund managed by Vikas Khemani, Jagdish Master, Rosy Blue India, VPK Global Ventures Fund, Samedh Trinity Partners, Shyam Agarwal, Mitul Prafulbhai Mehta and Rajnik Savaliya for a total consideration of Rs 35.58 crore.
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.
