Reliance Infrastructure open offer stated that the company may acquire up to 191.4 million shares from public shareholders of Pipavav at a price of Rs.66.
Under the offer, the company may acquire up to 191.4 million shares from public shareholders of Pipavav at a price of Rs.66.
The scrip opened at Rs. 66 and has touched a high and low of Rs. 78.65 and Rs. 65.8 respectively. So far 7045206(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4825.86 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 85 on 19-Feb-2015 and a 52 week low of Rs. 36.65 on 17-Dec-2014. Last one week high and low of the scrip stood at Rs. 67 and Rs. 63.75 respectively.
The promoters holding in the company stood at 42.24 % while Institutions and Non-Institutions held 17.13 % and 40.63 % respectively.
The stock is currently trading below its 50 DMA.
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