Shish Industries climbs on getting nod to invest Rs 6.50 lakh in Shish Advanced Composites
Shish Industries is currently trading at Rs. 8.04, up by 0.02 points or 0.25% from its previous closing of Rs. 8.02 on the BSE.
The scrip opened at Rs. 8.14 and has touched a high and low of Rs. 8.15 and Rs. 7.95 respectively. So far 24679 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 16.60 on 17-Dec-2024 and a 52 week low of Rs. 7.40 on 11-Mar-2025.
Last one week high and low of the scrip stood at Rs. 8.20 and Rs. 7.83 respectively. The current market cap of the company is Rs. 302.47 crore.
The promoters holding in the company stood at 66.03%, while non-institutions held 33.97% stake in the company.
Shish Industries has received approval to invest an amount of Rs 6.50 lakh towards acquisition of 65000 Equity Shares of Shish Advanced Composites i.e. 65% Stake, at an issue price of Rs 10 per share.
This acquisition is expected to unlock significant long-term value by combining Shish Industries’ proven manufacturing and export capabilities with the sectoral expertise and innovation of Shish Advanced Composite. The new business vertical aligns with key national initiatives like Make in India and Atmanirbhar Bharat, and offers strong potential in both domestic and international markets.
Upon such acquisition, Shish Advanced Composites shall become subsidiary of Shish Industries. The Board of Directors of the company at their meeting held on June 17, 2025 has decided for the same.
Shish Industries is primarily engaged in manufacture, trading and marketing of PP Sheets and Rolls
