Piramal Healthcare is currently trading at Rs. 459.90, up by 3.55 points or 0.78% from its previous closing of Rs. 456.35 on the BSE.
The scrip opened at Rs. 459.90 and has touched a high and low of Rs. 462.90 and Rs. 456.30 respectively. So far 1291 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 485.50 on 14-Mar-2012 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. 467.50 and Rs. 452.00 respectively. The current market cap of the company is Rs. 7925.82 crore.
The promoters holding in the company stood at 53.08% while Institutions and Non-Institutions held 25.97% and 20.95% respectively.
Country’s largest drug maker --Piramal Healthcare-- is mulling to invest $1 billion in the US in a couple of years, mainly to buy companies with interests in aerospace, bio-pharmaceuticals, defence and information management sectors.
Earlier, in the month of February, Piramal 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 came on the heels of 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.
Piramal Healthcare, formerly known as Nicholas Piramal, is one of the largest pharmaceutical companies in India. Being part of Piramal Group, its healthcare division contributes 50% to group’s revenue. Besides healthcare, the Piramal Group has business interests in areas of glass manufacturing, retail and real estate.
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