MKP Mobility touches roof on acquiring 49% stake in CMR-Kataria Recycling
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MKP Mobility is locked its upper circuit limit at Rs. 253.55, up by 12.05 points or 4.99% from its previous closing of Rs. 241.50 on the BSE.
The scrip opened at Rs. 253.55 and has touched a high and low of Rs. 253.55 and Rs. 246.35 respectively.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 265.90 on 10-Jun-2024 and a 52 week low of Rs. 31.97 on 10-Jul-2023.
Last one week high and low of the scrip stood at Rs. 253.55 and Rs. 214.00 respectively. The current market cap of the company is Rs. 86.49 crore.
The promoters holding in the company stood at 68.47%, while Institutions and Non-Institutions held 0.17% and 31.36% respectively.
MKP Mobility has acquired 49% Equity Share Capital of ‘CMR-Kataria Recycling’ (Target Company). The target company is in the business of Treatment and recycling of all kinds of ferrous, non-errous metal scrap and ELV (End of life Vehicles). The object of the acquisition is to enter in to the segment which is beneficial to the company. Total cost of acquisition is Rs 1.30 crore.
MKP Mobility is one of the largest automobile spare parts distributors in India.
