Dolphin Offshore Enterprises touches roof on incorporating wholly owned subsidiary in Dubai
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Dolphin Offshore Enterprises (India) is currently trading at upper limit of Rs. 1528.85, up by 29.95 points or 2.00% from its previous closing of Rs. 1498.90 on the BSE.
The scrip opened at Rs. 1528.85 and has touched a high and low of Rs. 1528.85 and Rs. 1528.85 respectively. So far 11 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 1528.85 on 11-Jan-2024 and a 52 week low of Rs. 120.17 on 22-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1528.85 and Rs. 1412.50 respectively. The current market cap of the company is Rs. 611.61 crore.
The promoters holding in the company stood at 94.98%, while Institutions and Non-Institutions held 2.00% and 3.02% respectively.
Dolphin Offshore Enterprises (India) has completed the incorporation process of its wholly owned subsidiary namely ‘Beluga International DMCC’ (Beluga) in Dubai, UAE on January 9, 2024 and Certificate of Registration received on January 10, 2024.
Beluga has been incorporated for the purpose of carrying out the activities relating to ship charter including renting and leasing of water-transport boats, Barges & Tugs and for passenger transport or cargo, whether owned by the company or being rechartered. Beluga has been incorporated to do the abovementioned business activities, and since it has not yet started its business activities there is no impact on the business of the Company as on date.
