Saboo Sodium Chloro touches the roof on acquiring stake in Spectrum Foods
Saboo Sodium Chloro is currently trading at its upper limit of Rs. 30.33, up by 1.44 points or 4.98% from its previous closing of Rs. 28.89 on the BSE.
The scrip opened at Rs. 29.98 and has touched a high and low of Rs. 30.33 and Rs. 27.45 respectively. So far 190700 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.72 on 16-Sep-2024 and a 52 week low of Rs. 15.47 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 34.72 and Rs. 27.45 respectively. The current market cap of the company is Rs. 127.30 crore.
The promoters holding in the company stood at 47.40% while Institutions and Non-Institutions held 0.08% and 52.52% respectively.
Saboo Sodium Chloro has acquired 743,626 shares of Spectrum Foods at an average price of Rs 26.37 through the open market. This acquisition increases the company's total shareholding in Spectrum Foods to 978,244 shares. The company remains dedicated to pursuing investment opportunities that align with its long-term strategic-goals of maximizing shareholder value.
Saboo Sodium Chloro is North India’s first and the largest fully integrated Salt Refinery, using the latest technologies available in the world, to refine salt to a very high degree of purity.
