IOL Chemicals gains on getting nod to wind up `M/s IOL Global`n UK
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IOL Chemicals and Pharmaceuticals is currently trading at Rs. 419.95, up by 1.30 points or 0.31% from its previous closing of Rs. 418.65 on the BSE.
The scrip opened at Rs. 423.50 and has touched a high and low of Rs. 425.95 and Rs. 419.60 respectively. So far 10399 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 535.60 on 15-Sep-2023 and a 52 week low of Rs. 272.20 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 452.20 and Rs. 416.20 respectively. The current market cap of the company is Rs. 2477.37 crore.
The promoters holding in the company stood at 48.19%, while Institutions and Non-Institutions held 2.54% and 49.27% respectively.
IOL Chemicals and Pharmaceuticals has received approval for winding up its wholly owned subsidiary namely ‘M/s IOL Global’ UK. The closure of operations is expected to be completed within a period of 3 months. The Board of Directors in its meeting held on February 06, 2024 has inter alia considered and approved the same.
IOL Chemicals and Pharmaceuticals (IOLCP) is a leading organic chemicals manufacturers and suppliers.
