International Conveyors surges on acquiring stake in IIFL Finance
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International Conveyors is currently trading at Rs. 102.67, up by 0.25 points or 0.24% from its previous closing of Rs. 102.42 on the BSE.
The scrip opened at Rs. 104.37 and has touched a high and low of Rs. 105.99 and Rs. 102.00 respectively. So far 39093 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. 70.00 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 110.50 and Rs. 90.60 respectively. The current market cap of the company is Rs. 659.52 crore.
The promoters holding in the company stood at 68.60%, while Institutions and Non-Institutions held 0.01% and 31.39% respectively.
International Conveyors (ICL) has acquired 85390 equity shares of IIFL Finance for investment purpose. Cost of acquisition is Rs 4.28 crore.
IIFL Finance is one of the leading players in the financial services space in India. Together with its subsidiaries – IIFL Home Finance, IIFL Samasta Finance (Formerly known as Samasta Microfinance) and IIFL Open Fintech, it provides a diverse range of loans and mortgages. These include home loans, gold loans, business loans including loans against property and medium & small enterprise financing, micro finance, developer & construction finance and capital market finance; catering to both retail and corporate clients.
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.
