Suraj Industries surges on getting nod to invest Rs 6.58 crore in Carya Chemicals
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Suraj Industries is currently trading at Rs. 113.00, up by 2.60 points or 2.36% from its previous closing of Rs. 110.40 on the BSE.
The scrip opened at Rs. 106.00 and has touched a high and low of Rs. 113.00 and Rs. 106.00 respectively. So far 2 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 161.85 on 05-Sep-2022 and a 52 week low of Rs. 81.25 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 117.65 and Rs. 105.10 respectively. The current market cap of the company is Rs. 138.92 crore.
The promoters holding in the company stood at 51.22%, while Non-Institutions held 48.78% stake in the company.
Suraj Industries (SIL) has received an approval for investment of Rs 6.58 crore in Carya Chemicals & Fertilizers (Carya), an existing Subsidiary of the Company, towards the acquisition of 65,81,000 equity shares in the right issue of CARYA.
Post the above acquisition, the company’s holding in Carya shall be 50.73% of the then expanded paid up capital of Carya. Accordingly, Carya will continue to remain subsidiary company. The main line of business of SIL is manufacturers of alcoholic liquors and investment in Carya is in line with the main business of the company
Suraj Industries is an edible oil manufacturing company.
