Deep Industries jumps on acquiring 100% equity stake of INDRA
Deep Industries is currently trading at Rs. 576.45, up by 36.90 points or 6.84% from its previous closing of Rs. 539.55 on the BSE.
The scrip opened at Rs. 544.10 and has touched a high and low of Rs. 581.95 and Rs. 543.65 respectively. So far 11819 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 624.50 on 08-Jan-2025 and a 52 week low of Rs. 226.85 on 13-Feb-2024.
Last one week high and low of the scrip stood at Rs. 593.35 and Rs. 535.10 respectively. The current market cap of the company is Rs. 3540.48 crore.
The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 2.08% and 34.43% respectively.
Deep Industries has acquired 100% equity stake of Indra Offshore Services (INDRA) on January 15, 2025. Pursuant to acquisition of the shares of INDRA, it has become a wholly owned subsidiary of the Company as per the Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time.
Both the companies are providing Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services. Since both the companies belong to the same industry, the proposed investment is expected to bring more strategic and operational efficiency for the Company.
Deep Industries is leading solution provider in energy sector. The company is specialized in providing Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services, and also having expertise in Integrated Project Management Services.
