VA Tech Wabag Egypt Limited ceases to be a step-down subsidiary of the company.
VA Tech Wabag Ltd has announced that VA Tech Wabag Egypt Limited, a subsidiary of VA Tech Wabag GmbH, Austria, the company’s step-down subsidiary is liquidated.
Consequent to the above, VA Tech Wabag Egypt Limited ceases to be a step-down subsidiary of the company.
The scrip opened at Rs. 514 and has touched a high and low of Rs. 521.2 and Rs. 511 respectively. So far 8072(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2787.76 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970 on 17-Mar-2015 and a 52 week low of Rs. 510 on 22-Feb-2016. Last one week high and low of the scrip stood at Rs. 548 and Rs. 510 respectively.
The promoters holding in the company stood at 28.95 % while Institutions and Non-Institutions held 52.4 % and 18.65 % respectively.
The stock is currently trading above its 200 DMA.
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