Regency Ceramics touches the roof on planning to acquire 100% stake in Segno Ceramics
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Regency Ceramics is currently trading at its upper limit of Rs. 57.22, up by 2.72 points or 4.99% from its previous closing of Rs. 54.50 on the BSE.
The scrip opened at Rs. 57.22 and has touched a high and low of Rs. 57.22 and Rs. 57.22 respectively.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 57.75 on 08-Jul-2024 and a 52 week low of Rs. 28.60 on 22-Sep-2023.
Last one week high and low of the scrip stood at Rs. 57.22 and Rs. 49.80 respectively. The current market cap of the company is Rs. 151.30 crore.
The promoters holding in the company stood at 60.59%, while Institutions and Non-Institutions held 1.59% and 37.82% respectively.
Regency Ceramics has planned to acquire 100% stake, by way of purchase of equity shares from its existing shareholders/Promoters of Segno Ceramics (Segno) for a cash consideration, as per the terms and conditions agreed between the Company, Segno and the sellers. The objective of acquisition is to address the company’s immediate production needs and to enhance market presence.
Regency Ceramics is a versatile ceramic tile company.
