EID Parry soars on acquiring stake in Parry Phytoremedies

E.I.D. Parry (India) is currently trading at Rs. 164.90, up by 7.20 points or 4.57% from its previous closing of Rs. 157.70 on the BSE. The scrip opened at Rs. 158.00 and has touched a high and low of Rs. 165.50 and Rs. 158.00 respectively. So far 19620 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 167.00 on 17-Apr-2014 and a 52 week low of Rs. 103.00 on 07-Aug-2013. Last one week high and low of the scrip stood at Rs. 165.50 and Rs. 151.80 respectively. The current market cap of the company is Rs. 2882.89 crore. The promoters holding in the company stood at 45.22% while Institutions and Non-Institutions held 27.44% and 27.30% respectively. EID Parry (India) has acquired 63,200 equity shares of Rs 100 each from erstwhile promoters in Parry Phytoremedies, a subsidiary of EID Parry. With this acquisition, Parry Phytoremedies has become a 100% subsidiary of the company. EID Parry India manufactures and markets a wide range of products such as sugar, bio-products and nutraceuticals. Today, the company is one of the Top 5 sugar producers in India and is on the path to sweetening more lives around the world.