320-x-100_uti_gold.jpg" alt="Advertisement">
International Conveyors rises on acquiring stake in `V.I.P. Industries`
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
International Conveyors is currently trading at Rs. 81.05, up by 0.36 points or 0.45% from its previous closing of Rs. 80.69 on the BSE.
The scrip opened at Rs. 80.41 and has touched a high and low of Rs. 81.85 and Rs. 80.41 respectively. So far 26386 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 124.79 on 08-Feb-2024 and a 52 week low of Rs. 69.05 on 18-Aug-2023.
Last one week high and low of the scrip stood at Rs. 86.05 and Rs. 79.67 respectively. The current market cap of the company is Rs. 513.69 crore.
The promoters holding in the company stood at 68.60%, while Institutions and Non-Institutions held 0.04% and 31.35% respectively.
International Conveyors has acquired the Equity shares of ‘V.I.P. Industries.’ The cost of acquisition is Rs 5.29 crore. VIP Industries is amongst World’s leading manufacturers and retailers of luggage, backpacks and handbags and an established leader in the organised luggage market in India.
Earlier, the company had acquired equity shares of Sheela Foam. The cost of acquisition was Rs 3.14 crore.
International Conveyors (ICL) is an India-based company. The Company is engaged in manufacturing and marketing solid woven carcass reinforced fire retardant antistatic (FRAS) PVC Conveyor Belting in segment explosive fire hazardous underground mine application.
