Seamec zooms as its arm incorporates joint venture company in GIFT City
Seamec is currently trading at Rs. 946.50, up by 84.75 points or 9.83% from its previous closing of Rs. 861.75 on the BSE.
The scrip opened at Rs. 894.75 and has touched a high and low of Rs. 947.00 and Rs. 875.40 respectively. So far 3720 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1664.00 on 27-Aug-2024 and a 52 week low of Rs. 785.00 on 12-Feb-2025.
Last one week high and low of the scrip stood at Rs. 947.00 and Rs. 825.00 respectively. The current market cap of the company is Rs. 2274.90 crore.
The promoters holding in the company stood at 72.31%, while Institutions and Non-Institutions held 9.70% and 17.99% respectively.
Seamec’s wholly owned subsidiary (WOS) -- Seamec International FZE (SIFZE) has incorporated a Joint Venture Company (JV) in the name of ‘Searete India IFSC (SEARETE), with Arete Shipping DMCC, UAE, in GIFT City, India.
SEARETE is incorporated primarily, with the object of Buying, Leasing and Sale of the Vessel(s) and undertaking ship owning and leasing activities by way of Bareboat charter hire to the customers incorporated in GIFT City. The provisional letter of registration from the International Financial Service Centre Authority (IFSCA)/ Unit Approval Committee has been received on May 22, 2025.
SEAMEC is the region’s leading provider of Diving Support Vessel (DSV) based diving services.
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