Windsor Machines touches roof on acquiring 100% stake in Global CNC
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Windsor Machines is currently trading at its upper circuit limit of Rs. 253.45, up by 23.00 points or 9.98% from its previous closing of Rs. 230.45 on the BSE.
The scrip opened at Rs. 236.00 and has touched a high and low of Rs. 253.45 and Rs. 236.00 respectively. So far 34979 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 254.40 on 08-Nov-2024 and a 52 week low of Rs. 64.01 on 20-Mar-2024.
Last one week high and low of the scrip stood at Rs. 254.40 and Rs. 204.10 respectively. The current market cap of the company is Rs. 1645.70 crore.
The promoters holding in the company stood at 53.90%, while Institutions and Non-Institutions held 1.15% and 44.95% respectively.
Windsor Machines has acquired 100% stake in Global CNC (GCPL), a renowned Rajkot (Gujarat) based company specializing in computer numerical controlled (CNC) machines. GCPL had total revenue of Rs 162 crore for the financial year ended March 31, 2024. The total consideration payable for the acquisition is Rs 343.11 crore and the transaction is subject to statutory and other regulatory approvals.
GCPL's expertise in CNC turning machines, Vertical Machining Centers (VMC), and Special Purpose Machines (SPM) complements Windsor’s existing portfolio, enhancing its offerings to industries such as automotive, general engineering, agriculture, medical, oil & gas, and railways. With 320 employees, GCPL brings valuable skill sets and cutting-edge technology to the table.
The acquisition aligns with Windsor’s strategic growth plans, expanding its footprint in the CNC machine manufacturing sector. With GCPL's expertise and Windsor’s established presence in injection moulding machines, pipe extrusion, and blown film extrusion, the combined entity is poised for accelerated growth.
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.
