Piramal Healthcare is currently trading at Rs. 441.90, up by 3.60 points or 0.82% from its previous closing of Rs. 438.30 on the BSE.
The scrip opened at Rs. 445.00 and has touched a high and low of Rs. 475.00 and Rs. 439.15 respectively. So far 215109 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 550.00 on 14-Mar-2011 and a 52 week low of Rs. 340.00 on 30-Nov-2011.
Last one week high and low of the scrip stood at Rs. 475.00 and Rs. 400.05 respectively. The current market cap of the company is Rs. 7688.55 crore.
The promoters holding in the company stood at 53.08% while Institutions and Non-Institutions held 25.97% and 20.95% respectively.
Piramal Healthcare (Piramal) has agreed to purchase approximately 5.5% of the issued equity share capital of Vodafone India (VIL) from ETHL Communications Holdings (Essar) for a cash consideration of approximately Rs 3,007 crore taking the total shareholding of Piramal in VIL to approximately 11%.
This transaction follows the settlement between Vodafone and Essar over the sale of Essar’s approximately 33% stake in VIL, announced in July 2011, and the purchase by Piramal of approximately 5.5% of the issued share capital of VIL from Essar in August 2011.
The transaction contemplates various exit mechanisms for Piramal, including both participation in a potential initial public offering of Vodafone Essar and a sale of its stake to Vodafone.
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