320-x-100_uti_gold.jpg" alt="Advertisement">
Kirloskar Pneumatic Company soars on acquiring 55.26% stake in Systems and Components (India)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Kirloskar Pneumatic Company is currently trading at Rs. 1728.60, up by 16.50 points or 0.96% from its previous closing of Rs. 1712.10 on the BSE.
The scrip opened at Rs. 1727.95 and has touched a high and low of Rs. 1750.80 and Rs. 1707.85 respectively. So far 11371 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1817.50 on 04-Dec-2024 and a 52 week low of Rs. 572.00 on 06-Dec-2023.
Last one week high and low of the scrip stood at Rs. 1817.50 and Rs. 1704.60 respectively. The current market cap of the company is Rs. 11225.00 crore.
The promoters holding in the company stood at 38.89%, while Institutions and Non-Institutions held 37.45% and 23.67% respectively.
Kirloskar Pneumatic Company has acquired 55.26% equity shares of Systems and Components (India) (S&C) on December 4, 2024 pursuant to the Share Purchase and Share Holders’ Agreement (SPSHA). As a result, S&C has become subsidiary of the company with effect from December 4, 2024. The cost of acquisition is Rs 15.50 crore.
Kirloskar Pneumatic Company established in 1958 is India’s leading name in Compressed Air, Air-conditioning & Refrigeration and Hydraulic Power Transmission. The company is now a part of Kirloskar group.
