Skipper gains on incorporating wholly owned subsidiary in Abu Dhabi
Skipper is currently trading at Rs. 574.75, up by 5.00 points or 0.88% from its previous closing of Rs. 569.75 on the BSE.
The scrip opened at Rs. 565.00 and has touched a high and low of Rs. 580.20 and Rs. 562.55 respectively. So far 35854 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 588.30 on 08-Sep-2025 and a 52 week low of Rs. 300.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 580.20 and Rs. 434.60 respectively. The current market cap of the company is Rs. 6494.80 crore.
The promoters holding in the company stood at 66.50%, while Institutions and Non-Institutions held 7.73% and 25.77% respectively.
Skipper has incorporated wholly owned subsidiary (WOS) in the name of Skipper Transmission and Distribution - L.L.C - S.P.C in Abu Dhabi. The WOS has been incorporated with the objectives of wholesale trading of telecommunication equipment, alternative energy equipment and accessories, and electric generators and their supplies.
The wholly owned subsidiary is established as part of the company’s long-term strategy to expand its operations beyond India and to create a dedicated platform for trading and marketing of its products in the global marketplace. The business of the wholly owned subsidiary is not outside the main line of business of the company.
