Wardwizard Innovations rides high on getting nod to invest in Wardwizard Global
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Wardwizard Innovations & Mobility is currently trading at Rs. 54.80, up by 0.41 points or 0.75% from its previous closing of Rs. 54.39 on the BSE.
The scrip opened at Rs. 54.45 and has touched a high and low of Rs. 55.19 and Rs. 54.02 respectively. So far 356130 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.50 on 15-Jan-2024 and a 52 week low of Rs. 35.70 on 03-Oct-2023.
Last one week high and low of the scrip stood at Rs. 57.00 and Rs. 52.51 respectively. The current market cap of the company is Rs. 1424.43 crore.
The promoters holding in the company stood at 58.63%, while Institutions and Non-Institutions held 0.02% and 41.36% respectively.
Wardwizard Innovations & Mobility has received approval for investment in Wardwizard Global PTE., wholly owned subsidiary (WOS) of the Company, of an amount not exceeding 1 lakh SGD (Singapore Dollar), through Overseas Direct Investment (ODI) by way of subscribing or acquisition to the equity shares/ further issue of capital in one or more tranches offered by it, subject to applicable laws.
This Investment will be made with an object to utilize the said funds for its working capital and also for other general activities / purposes / routine expenses etc. of Wardwizard Global PTE. The Board of Directors of the company at its meeting held on August 12, 2024, has approved the same.
Wardwizard Innovations & Mobility is an innovation-driven company which is India's First BSE listed EV manufacturing company.
