Remsons Industries touches roof on entering into joint venture agreement with Aircom Group AG
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Remsons Industries is currently trading at upper limit of Rs. 604.20, up by 11.80 points or 1.99 % from its previous closing of Rs. 592.40 on the BSE.
The scrip opened at Rs. 604.20 and has touched a high and low of Rs. 604.20 and Rs. 604.20 respectively. So far 400 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 604.20 on 24-Nov-2023 and a 52 week low of Rs. 182.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 604.20 and Rs. 519.00 respectively. The current market cap of the company is Rs. 345.20 crore.
The promoters holding in the company stood at 75.00% while Non-Institutions held 25.00% stake in the company.
Remsons Industries has entered into a joint venture agreement with Aircom Group AG, to form a new joint venture company to be incorporated as ‘Aircom Remsons Automotive’ or such other name as may be approved by Registrar of Companies, Central Registration Centre, as a special purpose vehicle to carry on business of manufacturing and selling of tyre puncture kits and its components for automobiles.
Remsons Industries is an OEM Manufacturer supplying to two, three, four wheelers all over India and exports globally.
