Kilburn Engineering is currently trading at Rs. 482.80, up by 2.90 points or 0.60% from its previous closing of Rs. 479.90 on the BSE.
The scrip opened at Rs. 492.00 and has touched a high and low of Rs. 495.00 and Rs. 475.00 respectively. So far 187240 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 500.05 on 21-Aug-2024 and a 52 week low of Rs. 149.00 on 28-Aug-2023.
Last one week high and low of the scrip stood at Rs. 500.05 and Rs. 422.15 respectively. The current market cap of the company is Rs. 2074.58 crore.
The promoters holding in the company stood at 50.11%, while Institutions and Non-Institutions held 0.35% and 49.54% respectively.
Kilburn Engineering has proposed to acquire Monga Strayfield, a global leader in radio frequency drying and heating solutions, for a total consideration up to Rs 123 crore, subject to adjustments, if any, on account of due diligence findings and on terms to be agreed in the definitive agreements. This acquisition is aimed at a strategic and synergistic partnership that will enhance Kilburn’s portfolio and broaden its reach across various industries.
The proposed acquisition of Monga Strayfield will significantly augment Kilburn's drying solutions portfolio, adding new capabilities in radio frequency drying and heating, while expanding its reach into industries such as textiles and packaged foods. Additionally, Monga Strayfield’s expertise in sheet metal fabrication offers a separate vertical that strengthens Kilburn's position in international markets.
Kilburn Engineering is engaged in process design, engineering, manufacturing, project management and installation of equipment and systems for various process plants.
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