View News

Kajaria Ceramics to consider the scheme of amalgamation of Kajaria Securities

Kajaria Ceramics to consider the scheme of amalgamation of Kajaria Securities

Kajaria Ceramics Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 11, 2016, inter alia, to consider and approve the Scheme of Amalgamation of Kajaria Securities Private Limited.

Kajaria Ceramics Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 11, 2016, inter alia, to consider and approve the Scheme of Amalgamation of Kajaria Securities Private Limited ("KSPL") with Kajaria Ceramics Limited ("KCL") for realignment of current promoters’ shareholding in the Company.
 

Kajaria Ceramics Ltd ended at Rs. 1212.7, up by Rs. 12.25 or 1.02% from its previous closing of Rs. 1200.45 on the BSE.

The scrip opened at Rs. 1200 and touched a high and low of Rs. 1217 and Rs. 1187.75 respectively. A total of 70187(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9637.21 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 1223.1 on 24-Jun-2016 and a 52 week low of Rs. 607.35 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 1218 and Rs. 1175.45 respectively.

The promoters holding in the company stood at 47.18 % while Institutions and Non-Institutions held 30.55 % and 22.27 % respectively.

The stock traded above its 50 DMA.

Add Comment

Cancel reply

Your email address will not be published. Required fields are marked *