GMM Pfaudler moves up on inking pact to acquire 100% stake in MixPro
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
GMM Pfaudler is currently trading at Rs. 1799.65, up by 34.45points or 1.95% from its previous closing of Rs. 1765.20 on the BSE.
The scrip opened at Rs. 1790.00 and has touched a high andlow of Rs. 1830.00 and Rs. 1789.55 respectively. So far 5874 shares were tradedon the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52week high of Rs. 2189.50 on 07-Nov-2022 and a 52 week low of Rs. 1350.00 on18-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1830.00and Rs. 1678.65 respectively. The current market cap of the company is Rs.8069.15 crore.
The promoters holding in the company stood at 38.74%, whileInstitutions and Non-Institutions held 29.59% and 31.67% respectively.
GMM Pfaudler through its wholly owned subsidiary GMMPfaudler US Inc., has entered into an agreement on September 14, 2023, toacquire 100% share capital of Professional Mixing Equipment Inc. (MixPro). Atotal consideration of $7 million will be paid to acquire MixPro and thetransaction will be funded through internal accruals and is expected to closeby October 2023. MixPro, located in Brampton, Canada designs and manufacturesinnovative Mixing solutions for a wide range of industrial applications.
GMM Pfaudler is a leading supplier of engineered equipmentand systems for critical applications in the global chemical and pharmaceuticalmarkets.
