Seamec moves up on completing acquisition of 100% stake in Aarey Organic Industries
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Seamec is currently trading at Rs. 736.00, up by 5.45 points or 0.75% from its previous closing of Rs. 730.55 on the BSE.
The scrip opened at Rs. 732.75 and has touched a high and low of Rs. 742.00 and Rs. 732.75 respectively. So far 168 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1274.95 on 21-Sep-2022 and a 52 week low of Rs. 563.30 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 751.35 and Rs. 631.60 respectively. The current market cap of the company is Rs. 1857.42 crore.
The promoters holding in the company stood at 72.04%, while Institutions and Non-Institutions held 2.87% and 25.08% respectively.
Seamec has completed the process of acquiring 100% stake in Aarey Organic Industries on May 2, 2023. The total acquisition of shares is valued at Rs 17.40 crore. The objective of acquisition is to use the present unproductive assets to the best use of the company on a long term basis for captive business purpose.
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.
