Sat Industries soars on getting nod to make further investment of Rs 50 crore in Sah Polymers
Sat Industries is currently trading at Rs. 81.83, up by 1.64 points or 2.05% from its previous closing of Rs. 80.19 on the BSE.
The scrip opened at Rs. 82.34 and has touched a high and low of Rs. 82.54 and Rs. 81.19 respectively. So far 2004 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 151.70 on 14-Oct-2024 and a 52 week low of Rs. 70.10 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 83.00 and Rs. 77.30 respectively. The current market cap of the company is Rs. 931.14 crore.
The promoters holding in the company stood at 51.59%, while Institutions and Non-Institutions held 0.54% and 47.87% respectively.
Sat Industries has received approval for further investment upto Rs 50 crore in its material subsidiary company i.e., Sah Polymers through various financial instruments, including but not limited to equity, debt, convertible notes, or any other suitable financial vehicles in one or more tranches. The said transaction is expected to be completed within 1 year. The Board of Directors of the Company at its meeting held on May 07, 2025, inter-alia, has considered and approved the same.
Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.
