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IKIO Lighting rises as its arm incorporates wholly owned subsidiary in USA
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IKIO Lighting is currently trading at Rs. 350.70, up by 2.15 points or 0.62% from its previous closing of Rs. 348.55 on the BSE.
The scrip opened at Rs. 350.55 and has touched a high and low of Rs. 354.95 and Rs. 349.90 respectively. So far 2701 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 477.15 on 23-Jun-2023 and a 52 week low of Rs. 343.40 on 11-Oct-2023.
Last one week high and low of the scrip stood at Rs. 365.65 and Rs. 346.05 respectively. The current market cap of the company is Rs. 2710.23 crore.
The promoters holding in the company stood at 72.46%, while Institutions and Non-Institutions held 10.69% and 16.85% respectively.
IKIO Lighting’s wholly-owned subsidiary -- IKIO Solutions has incorporated a new wholly owned subsidiary in the name of ‘ROYALUX LLC’ in USA at ‘INDIANAPOLIS IN 46240’. The said Step-down wholly owned subsidiary company shall deal in current and new technologies in existing range of business.
IKIO Lighting is an Indian manufacturer of light emitting diode (LED) lighting solutions. It is focused on sustainability and providing low energy LED products to help India meet its sustainability goals.
