Monday 1 August 2016

BPCL clocks 1% gains on the bourses

The company has signed a pact for acquiring a 21% stake (on a fully diluted basis) in the share capital of FINO Pay Tech for a consideration of Rs.251 crore in an all cash deal.

BPCL
BPCL gained 1% to Rs.596 on BSE. The company has signed a pact for acquiring a 21% stake (on a fully diluted basis) in the share capital of FINO Pay Tech for a consideration of Rs.251 crore in an all cash deal. The definitive agreements to this effect were signed on July 29, 2016 and the transaction is expected to be completed by December 31, 2016.

The scrip opened at Rs. 604 and has touched a high and low of Rs. 604 and Rs. 593.55 respectively. So far 539020(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 85692.71 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 602 on 25-Jul-2016 and a 52 week low of Rs. 366.1 on 23-Feb-2016. Last one week high and low of the scrip stood at Rs. 602 and Rs. 575.5 respectively.

The promoters holding in the company stood at 54.93 % while Institutions and Non-Institutions held 30.55 % and 14.52 % respectively.

No comments:

Post a Comment