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18-12-2024 02:49 PM | Source: Accord Fintech
Elpro International gains on acquiring stake in Blue Jet Healthcare

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Elpro International is currently trading at Rs. 121.00, up by 0.40 points or 0.33% from its previous closing of Rs. 120.60 on the BSE.

The scrip opened at Rs. 121.30 and has touched a high and low of Rs. 121.65 and Rs. 120.05 respectively. So far 75515 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 147.70 on 01-Oct-2024 and a 52 week low of Rs. 73.00 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 124.50 and Rs. 117.90 respectively. The current market cap of the company is Rs. 2040.53 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 10.46% and 14.54% respectively.

Elpro International has acquired 1,38,366 equity shares of Blue Jet Healthcare. The cost of acquisition is Rs 7.54 crore. Blue Jet Healthcare is a global, science-led, pharmaceutical company evolved as strategic partner for collaboration, development & manufacturing of advance pharmaceutical intermediates and API.

Earlier, the company had acquired 33,33,333 equity shares of Sagility India for Rs 10 crore.

Elpro International is the only one outside the United States to manufacture surge arresters and zinc oxide discs with GE technology, acknowledged to be the best in the world