CESC is currently trading at Rs 279.30, down by 52.70 points or 15.87% from its previous closing of Rs 332.00 on the BSE.
The scrip opened at Rs 320.00 and has touched a high and low of Rs 320.00 and Rs 270.00 respectively. So far 1717249 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 345.50 on 23-Oct-2012 and a 52 week low of Rs 186.30 on 28-Dec-2011.
Last one week high and low of the scrip stood at Rs 345.50 and Rs 270.00 respectively. The current market cap of the company is Rs 3525.69 crore.
The promoters holding in the company stood at 52.48% while Institutions and Non-Institutions held 34.26% and 13.21% respectively.
CESC’s wholly owned subsidiary - Spen Liq, is entering into an agreement with Firstsource Solutions (FSL) for subscribing 34.5% of latter’s expanded paid up share capital. The board at its meeting held on October 25, 2012 has taken the note of it.
CESC will be ‘a Person Acting in Concert’ along with Spen Liq which will make a mandatory open offer in terms of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Besides, Spen Liq is also executing a separate share purchase agreement with three of FSL’s existing shareholders to purchase, collectively, 15% of FSL’s total expanded share capital from them.
CESC is engaged in power generation and distribution in state of West Bengal. Being part of RPG Group, the company made Calcutta free of load shedding and brought in new power connections, fault-free supply, quick response to local faults, complaint-free billing and swift redressal of customer grievances.
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