| Shree Cement rises on entering into BTA for acquisition of 1.5 MTPA Cement Grinding Unit | |
| Sep 22,2014 09:48 Hrs IST | |
Shree Cement is currently trading at Rs. 8628.25, up by 53.30 points or 0.62% from its previous closing of Rs. 8574.95 on the BSE.
The scrip opened at Rs. 8628.25 and has touched a high and low of Rs. 8628.25 and Rs. 8628.25 respectively. So far 1 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8810.00 on 12-Sep-2014 and a 52 week low of Rs. 3965.00 on 27-Sep-2013.
Last one week high and low of the scrip stood at Rs. 8765.35 and Rs. 8444.15 respectively. The current market cap of the company is Rs. 29872.75 crore.
The promoters holding in the company stood at 64.79% while institutions and non-institutions held 15.88% and 19.33% respectively.
Shree Cement has entered into a Business Transaction Agreement (BTA) with Jaiprakash Associates for acquisition of its 1.5 MTPA Cement Grinding Unit situated at Panipat, Haryana for a tentative consideration of around Rs 360 crore. The transaction is subject to necessary regulatory approvals.
The company had already received board of directors approval for the same at their meeting held on August 25, 2014.
Shree Cement (SCL), belonging to B G Bangur - H M Bangur faction of Bangur family of Kolkata, is engaged in manufacturing of cement and power generation. SCL’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5 mn tonnes p.a.
| |
| Sep 22,2014 09:48 Hrs IST | |
Shree Cement is currently trading at Rs. 8628.25, up by 53.30 points or 0.62% from its previous closing of Rs. 8574.95 on the BSE.
The scrip opened at Rs. 8628.25 and has touched a high and low of Rs. 8628.25 and Rs. 8628.25 respectively. So far 1 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8810.00 on 12-Sep-2014 and a 52 week low of Rs. 3965.00 on 27-Sep-2013.
Last one week high and low of the scrip stood at Rs. 8765.35 and Rs. 8444.15 respectively. The current market cap of the company is Rs. 29872.75 crore.
The promoters holding in the company stood at 64.79% while institutions and non-institutions held 15.88% and 19.33% respectively.
Shree Cement has entered into a Business Transaction Agreement (BTA) with Jaiprakash Associates for acquisition of its 1.5 MTPA Cement Grinding Unit situated at Panipat, Haryana for a tentative consideration of around Rs 360 crore. The transaction is subject to necessary regulatory approvals.
The company had already received board of directors approval for the same at their meeting held on August 25, 2014.
Shree Cement (SCL), belonging to B G Bangur - H M Bangur faction of Bangur family of Kolkata, is engaged in manufacturing of cement and power generation. SCL’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5 mn tonnes p.a.
| |
No comments:
Post a Comment