Shyam Metalics and Energy gains on entering into SPA with Dorite Tracon
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Shyam Metalics And Energy is currently trading at Rs. 412.90, up by 5.70 points or 1.40% from its previous closing of Rs. 407.20 on the BSE.
The scrip opened at Rs. 405.50 and has touched a high and low of Rs. 414.15 and Rs. 405.00 respectively. So far 28523 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 461.15 on 20-Jul-2021 and a 52 week low of Rs. 360.95 on 30-Jun-2021.
Last one week high and low of the scrip stood at Rs. 414.50 and Rs. 383.15 respectively. The current market cap of the company is Rs. 10386.89 crore.
The promoters holding in the company stood at 88.35%, while Institutions and Non-Institutions held 4.63% and 7.02% respectively.
Shyam Metalics and Energy has entered into Share Purchases agreement (SPA) with Dorite Tracon and/ or Shyam Sel & Power to sell and transfer the entire equity stake held by company in Subsidiaries/ Step down Subsidiaries and Associate Company. The company has entered into Share Purchases agreement to sell and transfer the entire equity stake in Damodar Aluminium, Singhbhum Steel & Power, Renaissance Hydro power, Kalinga infra Project – Subsidiaries companies, Meadow Housing, Harshva Warehousing and Storage -- Step down Subsidiaries and in Kecon Trade care -- Associate Company. Pursuant to the same, all the above companies would ceased to be subsidiaries of the Company.
Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.
