Integra Switchgear zooms on getting nod to acquire 100% stake in `Bimal Switchgear`
Integra Switchgear is currently trading at Rs. 206.35, up by 8.75 points or 4.43% from its previous closing of Rs. 197.60 on the BSE.
The scrip opened at Rs. 193.65 and has touched a high and low of Rs. 206.40 and Rs. 188.00 respectively.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 260.00 on 20-Dec-2024 and a 52 week low of Rs. 36.48 on 18-Jan-2024.
Last one week high and low of the scrip stood at Rs. 206.40 and Rs. 180.00 respectively. The current market cap of the company is Rs. 54.46 crore.
The promoters holding in the company stood at 62.24%, while Non-Institutions held 37.76% stake in the company.
Integra Switchgear has received approval to acquire and/or subscribe 54,020 equity shares of Rs 10 each (i.e 100% stake) of the Company styled ‘Bimal Switchgear’. Objects of acquisition is to expand business and also to undertake few strategic investments / acquisitions. Cost of acquisition is Rs 69.14 lakh. The Board of Directors of the Company at their meeting held on January 16, 2025 has approved the same.
Integra Switchgear manufactures and sells electrical products in India. It offers miniature circuit breakers and isolators of various standard ratings; and distribution boards, including esteem and excta range consumer units, SPSP, TPTP, plug and socket boxes, and MCB boxes, as well as accessories comprising blanking plates, busbars, panel locks, sealing screw neutral links, and incomer terminals.
