WPIL moves up as its European arm enters into binding Share Purchase Agreement with newcleo Franc
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WPIL is currently trading at Rs. 3388.90, up by 28.95 points or 0.86% from its previous closing of Rs. 3359.95 on the BSE.
The scrip opened at Rs. 3430.00 and has touched a high and low of Rs. 3430.00 and Rs. 3325.00 respectively. So far 2250 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3600.00 on 07-Aug-2023 and a 52 week low of Rs. 1028.00 on 22-Aug-2022.
Last one week high and low of the scrip stood at Rs. 3600.00 and Rs. 3061.00 respectively. The current market cap of the company is Rs. 3295.36 crore.
The promoters holding in the company stood at 70.80%, while Institutions and Non-Institutions held 8.65% and 20.55% respectively.
WPIL’s European subsidiary -- Gruppo Aturia has entered into a binding Share Purchase Agreement with newcleo France on August 6, 2023 for sale of its subsidiary Rutschi (consisting of Pompes Rutschi France and Rutschi Fluid AG Switzerland) for a consideration of 68.7 million Euros subject to terms and conditions of the SPA.
newcleo is a clean and safe nuclear technology company developing innovative Generation IV reactors using nuclear waste as fuel. newcleo is focused on the development of Small Modular Reactors and Rutschi would benefit from access to new growth opportunities and technologies.
WPIL is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.
