Himadri Speciality Chemical shines as its arm acquires 100% stake in Himadri Green Technologies Innovation
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Himadri Speciality Chemical is currently trading at Rs. 454.00, up by 6.40 points or 1.43% from its previous closing of Rs. 447.60 on the BSE.
The scrip opened at Rs. 444.50 and has touched a high and low of Rs. 456.55 and Rs. 435.65 respectively. So far 49259 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 456.95 on 02-Aug-2024 and a 52 week low of Rs. 135.75 on 03-Aug-2023.
Last one week high and low of the scrip stood at Rs. 456.95 and Rs. 416.00 respectively. The current market cap of the company is Rs. 22232.86 crore.
The promoters holding in the company stood at 50.20%, while Institutions and Non-Institutions held 7.43% and 42.37% respectively.
Himadri Speciality Chemical’s Wholly Owned Subsidiary-- Himadri Clean Energy (HCEL), has completed acquisition of 100% Equity Shares of Himadri Green Technologies Innovation (Target Company), by way of purchase of Equity Shares from the existing shareholders of the Target Company.
Consequent to the said acquisition, Himadri Green Technologies Innovation has become a Wholly Owned Subsidiary (WOS) of HCEL and a step down wholly owned subsidiary of Himadri Speciality Chemical with effect from August 1, 2024. Cost of Acquisition is Rs 63,200.
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.
