Himadri Speciality Chemical climbs after its arm gets nod to acquire 100% stake in Himadri Future Material Technology
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Himadri Speciality Chemical is currently trading at Rs. 306.45, up by 5.35 points or 1.78% from its previous closing of Rs. 301.10 on the BSE.
The scrip opened at Rs. 302.20 and has touched a high and low of Rs. 312.00 and Rs. 301.00 respectively. So far 342719 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 312.00 on 07-Dec-2023 and a 52 week low of Rs. 80.20 on 28-Feb-2023.
Last one week high and low of the scrip stood at Rs. 312.00 and Rs. 265.20 respectively. The current market cap of the company is Rs. 13494.07 crore.
The promoters holding in the company stood at 44.86%, while Institutions and Non-Institutions held 5.62% and 49.52% respectively.
Himadri Speciality Chemical’s Wholly Owned Subsidiary - Himadri Clean Energy has received approval for acquisition of 100% shareholding of Himadri Future Material Technology. On completion of the above acquisitions, Himadri Future Material Technology will become a Wholly Owned Subsidiary (WOS) of Himadri Clean Energy and a step down wholly owned subsidiary of the Company. By this acquisition, the Company will set up the manufacturing facility for Cathode Active Material through Step down WOS.
The Board of Directors of the Company at its’ meeting held on December 05, 2023, inter-alia has considered and approved the same.
Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The company has operations in India and caters to both domestic and international markets.
