PG Electroplast rises as its arm inks pact to acquire 100% stake in Next Generation Manufacturers
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PG Electroplast is currently trading at Rs. 2022.30, up by 21.60 points or 1.08% from its previous closing of Rs. 2000.70 on the BSE.
The scrip opened at Rs. 2022.45 and has touched a high and low of Rs. 2024.60 and Rs. 1995.10 respectively.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2570.00 on 21-Dec-2023 and a 52 week low of Rs. 1123.50 on 10-Feb-2023.
Last one week high and low of the scrip stood at Rs. 2091.70 and Rs. 1927.65 respectively. The current market cap of the company is Rs. 5207.07 crore.
The promoters holding in the company stood at 53.59%, while Institutions and Non-Institutions held 23.12% and 23.28% respectively.
PG Electroplast’s Wholly Owned Subsidiary -- PG Technoplast (PGTL) has entered into a ‘Definitive Agreement’ to acquire 100% stake in Next Generation Manufacturers (NGM). Pursuant to the said acquisition, NGM will become a Wholly Owned Subsidiary of PGTL.
Objects of acquisition is to avail physical infrastructure (Land, Building, Plant & Machinery), acquire manufacturing business of NGM for growth and expansion and to become a preferred outsourcing vendor for Consumer Durables and Electronics Business of Amstrad Brand.
PG Electroplast is a trusted one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing to most leading consumer durable and electronics brands in India.
