Seamec gains on getting nod to set up wholly owned subsidiary in UK
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Seamec is currently trading at Rs. 756.00, up by 13.70 points or 1.85% from its previous closing of Rs. 742.30 on the BSE.
The scrip opened at Rs. 731.00 and has touched a high and low of Rs. 771.25 and Rs. 731.00 respectively. So far 1212 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1423.95 on 30-Mar-2022 and a 52 week low of Rs. 565.95 on 28-Feb-2023.
Last one week high and low of the scrip stood at Rs. 849.50 and Rs. 730.00 respectively. The current market cap of the company is Rs. 1940.69 crore.
The promoters holding in the company stood at 72.04%, while Institutions and Non-Institutions held 2.85% and 25.10% respectively.
Seamec has received approval from Board of Directors for setting up of a wholly owned subsidiary and step-down subsidiaries of the Company in UK for establishing a global operations office. The proposed wholly owned subsidiary company to be incorporated in UK will be an Investment Company. The board of directors at its meeting held on March 18, 2023 has approved the same.
Seamec is engaged in the business of operating multi-support vessels for diving and for providing underwater/sub-sea engineering services, deep sea diving, and inspection of underwater structures, repairs and maintenance of offshore platform fire-fighting services and rescue operations.
