Tega Industries rises as its arm incorporates step down subsidiary
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Tega Industries is currently trading at Rs. 1148.35, up by 4.60 points or 0.40% from its previous closing of Rs. 1143.75 on the BSE.
The scrip opened at Rs. 1149.80 and has touched a high and low of Rs. 1157.45 and Rs. 1139.95 respectively. So far 2355 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1226.55 on 28-Dec-2023 and a 52 week low of Rs. 558.75 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 1157.45 and Rs. 1061.00 respectively. The current market cap of the company is Rs. 7597.63 crore.
The promoters holding in the company stood at 74.88%, while Institutions and Non-Institutions held 19.81% and 5.31% respectively.
Tega Industries’ (Tega) material subsidiary -- Tega Industries Chile SpA has incorporated a new step down subsidiary namely ‘Tega Industries Peru SAC’ on January 23, 2024.
The object of incorporation of this step down subsidiary is to, purchase, sale, transformation and/or commercialization of all kinds of movable tangible assets, and may also carry out imports, exports and in general, any foreign trade operation, the representation of companies and goods related to the above; the intermediation of the same goods; the advice on technical and commercial aspects and finally, all the operations or businesses that the shareholders agree on and that are related to their object.
Tega Industries (Tega) is a global leader in designing and manufacturing ‘critical-to-operate’ consumables for the mining, mineral processing, and material handling industries.
