Kalpataru Power gains 2%; in race to acquire Jyoti Structures

KPTL and the Amin Group are in race to acquire Jyoti Structures Ltd. after lenders decided to convert Rs. 307.6 crore worth of loans into equity in December, reports a financial newspaper.

Kalpataru Power Transmission Ltd stock was up by 2% at Rs. 202. KPTL and the Amin Group are in race to acquire Jyoti Structures Ltd. after lenders decided to convert Rs. 307.6 crore worth of loans into equity in December, reports a financial newspaper.

The scrip opened at Rs. 201.65 and has touched a high and low of Rs. 203.9 and Rs. 201.55 respectively. So far 16193(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3032.17 crore.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 291.8 on 06-Aug-2015 and a 52 week low of Rs. 182.65 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 203.9 and Rs. 193.7 respectively.

The promoters holding in the company stood at 59.45 % while Institutions and Non-Institutions held 31.09 % and 9.46 % respectively.

The stock is currently trading above its 200 DMA.