Windsor Machines surges on inking pact to acquire 100% stake in Unitech Workholding Systems
Windsor Machines is currently trading at Rs. 312.00, up by 23.10 points or 8.00% from its previous closing of Rs. 288.90 on the BSE.
The scrip opened at Rs. 324.95 and has touched a high and low of Rs. 324.95 and Rs. 312.00 respectively. So far 1001 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 440.75 on 13-Dec-2024 and a 52 week low of Rs. 211.25 on 08-Nov-2024.
Last one week high and low of the scrip stood at Rs. 324.95 and Rs. 285.00 respectively. The current market cap of the company is Rs. 2515.87 crore.
The promoters holding in the company stood at 44.52%, while Institutions and Non-Institutions held 1.74% and 53.74% respectively.
Windsor Machines has entered into a Share Purchase Agreement for acquisition of 100% equity share capital of Unitech Workholding Systems. The objective of acquiring Unitech Workholding Systems is to provide Tooled Solutions with machines as package with Fixtures and Tooling. It will help for increasing market presence and share. The cost of acquisition is Rs 42 crore.
Earlier, the company had acquired 100% stake in Global CNC (GCPL), a renowned Rajkot (Gujarat) based company specializing in computer numerical controlled (CNC) machines.
Windsor Machines is one of the select few companies in India, which serves and supports the varied needs of plastic processing industry across several countries with cutting edge product design and latest technology, wherein the company is engaged in manufacturing Injection Moulding, Pipe Extrusion and Blown Films machineries, all under one roof.
