Century Plyboards (India) surges on hiking shareholding in Century Infotech
Century Plyboards (India) is currently trading at Rs. 747.00, up by 4.70 points or 0.63% from its previous closing of Rs. 742.30 on the BSE.
The scrip opened at Rs. 732.10 and has touched a high and low of Rs. 759.70 and Rs. 732.10 respectively. So far 1673 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 938.60 on 11-Oct-2024 and a 52 week low of Rs. 614.25 on 15-Apr-2024.
Last one week high and low of the scrip stood at Rs. 799.55 and Rs. 732.10 respectively. The current market cap of the company is Rs. 16630.76 crore.
The promoters holding in the company stood at 72.59%, while Institutions and Non-Institutions held 21.40% and 6.00% respectively.
Century Plyboards (India) has increased percentage of shareholding in its Subsidiary -- Century Infotech from 99.99% to 100% upon acquisition of 360 shares from the other existing shareholders. The acquisition and transfer of shares was completed on November 18, 2024. Consequently, Century Infotech has become a wholly owned subsidiary of the Company with effect from November 18, 2024.
Century Plyboards (India) is largest seller of plywood and decorative veneers in the Indian organized plywood market.