Suraj Industries touches roof on getting nod to invest upto 20.08% in Shri Gang Industries and Allied Products
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Suraj Industries is locked its upper circuit limit at Rs. 106.15, up by 5.05 points or 5.00% from its previous closing of Rs. 101.10 on the BSE.
The scrip opened at Rs. 101.00 and has touched a high and low of Rs. 106.15 and Rs. 96.05 respectively. So far 2854 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 180.60 on 30-Dec-2021 and a 52 week low of Rs. 2.24 on 30-Jun-2021.
Last one week high and low of the scrip stood at Rs. 128.00 and Rs. 101.10 respectively. The current market cap of the company is Rs. 118.86 crore.
The promoters holding in the company stood at 54.50% and Non-Institutions held 45.50%.
Suraj Industries has received approval from board of directors for investment upto 20.08% in the expanded share capital of Shri Gang Industries and Allied Products by way of subscription upto 36 lakh equity shares of Shri Gang Industries and Allied Products at par Rs 10 per share. By virtue of the acquisition, Suraj Industries will become Associate Company of Shri Gang Industries and Allied Products. The board of directors of the Company at their meeting held on June 08, 2022 has approved the same.
Suraj Industries is an edible oil manufacturing company.
