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Excel Crop Care approves sale of investments in Aimco Pesticides
Apr. 28, 2016
Excel Crop Care Limited
IndiaFollow
IndiaExcel Crop Care Ltd has announced that the Board of Directors of the Company at its meeting held on April 22, 2016, has considered and approved sale of investment in 23,30,120 equity shares of Rs. 10/- each fully paid up of Aimco Pesticides Limited at aggregate consideration of Rs. 9,32,04,800/-. The sale of the shares will be made to some of the existing co-promoters of Aimco Pesticides Limited.
The scrip opened at Rs. 1160 and touched a high and low of Rs. 1164 and Rs. 1152 respectively. A total of 2844(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1281.23 crore.
The BSE group 'B' stock of face value Rs. 5 touched a 52 week high of Rs. 1247.75 on 08-Jan-2016 and a 52 week low of Rs. 750.25 on 21-Sep-2015. Last one week high and low of the scrip stood at Rs. 1180.75 and Rs. 1140 respectively.
The promoters holding in the company stood at 24.72 % while Institutions and Non-Institutions held 9.59 % and 65.69 % respectively.
The stock traded above its 100 DMA.
Source: India Infoline News
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