Halonix is currently trading at Rs. 45.10, up by 0.95 points or 2.15% from its previous closing of Rs. 44.15 on the BSE.
The scrip opened at Rs. 46.50 and has touched a high and low of Rs. 46.50 and Rs. 45.10 respectively. So far 1,060 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.40 and a 52 week low of Rs. 43.10.
Last one week high and low of the scrip stood at Rs. 46.10 and Rs. 43.80 respectively. The current market cap of the company is Rs. 126.00 crore.
The promoters holding in the company stood at 66.06% while Institutions and Non-Institutions held 3.33% and 30.61% respectively.
Halonix has completed the acquisition of 100 percent shareholding of Luxembourg-based International Lamps Holding Company SA. With this acquisition, the company has acquired the assets and business of its distributors (Luxlite Lamps Sarl and Trifa Lamps Germany Gmbh) in Europe, including of brands 'Lumlamps' and 'Trifa'. Post acquisition, International Lamps Holding became a 100 percent wholly-owned subsidiary of Halonix.
Earlier, company had received an approval for acquisition of 100% shareholding of International Lamps Holding Company, SA, Luxembourg. The board at its meeting held on October 12, 2012 has approved for the same. Besides, the board also authorized execution of share purchase agreement and related documents to give effect to the acquisition. The acquisition will become effective on the parties completing the conditions precedent that may be stipulated in the share purchase agreement and obtaining statutory approvals that may be required.
With this acquisition, the company will gain control of Luxlite Lamps Sarl, Luxembourg and Trifa Lamps, Gmbh, the two companies who are engaged in the business of distribution of halogen lamps and other bulbs associated with automotive industry in international markets.
Halonix, previously known a Phoenix Lamps, was promoted in the year 1991 as an Indo- Japanese joint venture. It is counted amongst the most preferred manufacturers and suppliers of compact fluorescent lamps for general lighting and halogen lamps for automotive.
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