Fine Organic Industries moves up on incorporating wholly owned subsidiary
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Fine Organic Industries is currently trading at Rs. 4878.55, up by 39.15 points or 0.81% from its previous closing of Rs. 4839.40 on the BSE.
The scrip opened at Rs. 4899.95 and has touched a high and low of Rs. 4901.85 and Rs. 4878.55 respectively. So far 64 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 7316.00 on 17-Oct-2022 and a 52 week low of Rs. 4030.65 on 21-Mar-2023.
Last one week high and low of the scrip stood at Rs. 4962.25 and Rs. 4768.05 respectively. The current market cap of the company is Rs. 14837.59 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.02% and 8.98% respectively.
Fine Organic Industries has incorporated a wholly owned subsidiary company named ‘Fine Organic Industries (SEZ)’ in India. The new WOS is incorporated in India for the purpose of carrying on the business of manufacturing Specialty Chemical products. The Company has committed to subscribe to 10,000 equity shares at a par value of Rs 10 per share. Fine Organic Industries (SEZ) has not yet commenced its operations.
Fine Organic Industries produces a wide range of specialty plant derived oleochemical -based additives used in food, plastic, cosmetics, paint, ink, coatings and other specialty application in various industries.
