Sadhana Nitro Chem jumps on acquiring Calchem Industries
Sadhana Nitro Chem is currently trading at Rs. 34.48, up by 0.83 points or 2.47% from its previous closing of Rs. 33.65 on the BSE.
The scrip opened at Rs. 33.31 and has touched a high and low of Rs. 34.64 and Rs. 31.68 respectively. So far 23123 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 74.00 on 13-Sep-2024 and a 52 week low of Rs. 31.68 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 39.15 and Rs. 31.68 respectively. The current market cap of the company is Rs. 1119.01 crore.
The promoters holding in the company stood at 65.11%, while Institutions and Non-Institutions held 0.01% and 34.88% respectively.
Sadhana Nitro Chem (SNCL) has acquired and taken possession of Calchem Industries (India) along with the plant, land and machinery at Roha, adjacent to the company’s current factory. Pursuant to this acquisition, Calchem Industries (India) is now a subsidiary of Sadhana Nitro Chem.
This acquisition is a strategic fit for and aligns with SNCL’s long-term growth objectives and is expected to contribute positively to shareholder value.
Sadhana Nitro Chem is engaged in the manufacture and marketing of nitrobenzene and its downstream derivatives and intermediates (for various applications in pharma, agro, dyes, plastic additives & epoxy resin hardeners).
