Salzer Electronics rises on getting nod to acquire Salzer Magnet Wires

17 Nov 2017 Evaluate

Salzer Electronics is currently trading at Rs. 197.00, up by 2.25 points or 1.16% from its previous closing of Rs. 194.75 on the BSE.

The scrip opened at Rs. 198.90 and has touched a high and low of Rs. 202.50 and Rs. 192.65 respectively. So far 35618 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 224.00 on 20-Apr-2017 and a 52 week low of Rs. 166.05 on 28-Dec-2016.

Last one week high and low of the scrip stood at Rs. 202.50 and Rs. 183.60 respectively. The current market cap of the company is Rs. 284.42 crore.

The promoters holding in the company stood at 29.65%, while Institutions and Non-Institutions held 8.90% and 61.45% respectively.

Salzer Electronics has received an approval for acquisition of whole of the business undertaking of Salzer Magnet Wires as a going concern on slump basis in accordance with the Business Transfer Agreement with appointed date April 01, 2017 for a consideration other than cash. The board of directors at their meeting held on November 17, 2017, has approved for the same.

Salzer is a Leading player offering Total and Customized Electrical Solutions in Switchgears, Wires & Cables and Energy Management business. The Company caters to a wide range of products with five In-house manufacturing facilities, located in Coimbatore and Himachal Pradesh. 

Salzer Electronics Share Price

1014.10 24.95 (2.52%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1665.50
Siemens 6854.15
Apar Inds 9280.25
Waaree Energies 2707.05
ABB India 6905.05
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