The acquisition includes 100% equity holding in Rinder India and Light Systems and Technical Center, Spain with 50% equity holding in Rinder Riducu, Colombia.
Minda Industries rallied 6.3% to Rs.896 after the company signed a definitive agreement to acquire Rinder India (RIPL), from Rinder Industrial, Spain. The enterprise value of the total deal is Euro 20 million. The acquisition includes 100% equity holding in Rinder India and Light Systems and Technical Center, Spain with 50% equity holding in Rinder Riducu, Colombia. The deal will be finance through internal accruals and the debts.
The scrip opened at Rs. 910 and has touched a high and low of Rs. 910 and Rs. 884 respectively. So far 12717(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1337.85 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 996 on 04-Jan-2016 and a 52 week low of Rs. 475 on 08-Sep-2015. Last one week high and low of the scrip stood at Rs. 865 and Rs. 752.25 respectively.
The promoters holding in the company stood at 70.89 % while Institutions and Non-Institutions held 2.56 % and 26.55 % respectively.
The stock is currently trading below its 50 DMA.
The scrip opened at Rs. 910 and has touched a high and low of Rs. 910 and Rs. 884 respectively. So far 12717(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1337.85 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 996 on 04-Jan-2016 and a 52 week low of Rs. 475 on 08-Sep-2015. Last one week high and low of the scrip stood at Rs. 865 and Rs. 752.25 respectively.
The promoters holding in the company stood at 70.89 % while Institutions and Non-Institutions held 2.56 % and 26.55 % respectively.
The stock is currently trading below its 50 DMA.
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