Kesoram Industries is currently trading at Rs. 107.50, up by 5.10 points or 4.98% from its previous closing of Rs. 102.40 on the BSE.
The scrip opened at Rs. 113.40 and has touched a high and low of Rs. 116.50 and Rs. 106.40 respectively. So far 1552334 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 154.90 on 16-Sep-2014 and a 52 week low of Rs. 69.50 on 15-Jun-2015.
Last one week high and low of the scrip stood at Rs. 116.50 and Rs. 83.50 respectively. The current market cap of the company is Rs. 1188.25 crore.
The promoters holding in the company stood at 47.72% while Institutions and Non-Institutions held 9.12% and 36.75% respectively.
Kesoram Industries (KIL) has signed a binding term sheet with JK Tyre & Industries to divest Cavendish Industries (CIL) for a consideration of Rs 2,195 crore. The process of completion of this deal is likely to be concluded within December 2015. CIL houses a tyre business undertaking in Haridwar that manufactures a range of tyres, tubes and flaps.
This transaction will strengthen the balance sheet of the company. The proceeds from monetization of assets will be utilized to reduce the debt burden of the company.
Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. KIL is also listed on Societe de la Bourse de Luxembourg stock exchange.
Company Name | CMP |
---|---|
Ultratech Cement | 11414.55 |
Ambuja Cement | 548.30 |
ACC | 2092.50 |
Shree Cement | 27095.70 |
Dalmia Bharat | 1765.00 |
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