Sudarshan Pharma Industries rises on incorporating subsidiary company
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Sudarshan Pharma Industries is currently trading at Rs. 82.80, up by 1.25 points or 1.53% from its previous closing of Rs. 81.55 on the BSE.
The scrip opened at Rs. 82.50 and has touched a high and low of Rs. 82.80 and Rs. 82.50 respectively. So far 8000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.90 on 23-Aug-2023 and a 52 week low of Rs. 51.85 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 91.90 and Rs. 73.00 respectively. The current market cap of the company is Rs. 199.27 crore.
The promoters holding in the company stood at 57.39%, while Institutions and Non-Institutions held 3.58% and 39.03% respectively.
Sudarshan Pharma Industries has incorporated subsidiary company in the name and style of Lifescience Chemicals Private Limited (name is approved by the MCA) in the state of Gujarat. The company has incorporated subsidiary company on August 23, 2023. The company has a similar line of business with expertise in chemical and chemical compounds including speciality chemicals, ingredients, by? products and their related preparations articles and products, further this acquisition is for expansion and enhancements of verticals of business
Earlier, the company had received approval to incorporate a subsidiary company in the name and style of Lifescience Chemical (name is approved by the MCA) in the state of Gujarat representing 51% of the shareholding of Lifescience Chemical making it a Subsidiary Company.
