Wendt (India) shines on getting nod to incorporate wholly owned subsidiary in Germany
Wendt (India) is currently trading at Rs. 9130.00, up by 135.45 points or 1.51% from its previous closing of Rs. 8994.55 on the BSE.
The scrip opened at Rs. 8890.00 and has touched a high and low of Rs. 9310.00 and Rs. 8890.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 18000.00 on 11-Dec-2024 and a 52 week low of Rs. 8812.00 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 10090.65 and Rs. 8812.00 respectively. The current market cap of the company is Rs. 1798.91 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 6.77% and 18.24% respectively.
Wendt (India) has received approval for incorporating a wholly owned subsidiary in Germany for furthering its business prospects in Europe. The objective of incorporation is to diversify the geographic presence in Europe and provide services catering to the machine building/super abrasive customers in Europe.
The company will be incorporated within 3 months and the investment in the subsidiary will be completed within 2 years in one or more tranches. The Board of Directors of the Company at its meeting held March 3, 2025, has approved the same.
Wendt (India) known for its diversified and impressive Product Portfolio, Innovation strategy, strong Product Development, Personalized technical services and providing Technology Solutions in Grinding to its direct customers in the domestic market.
