GMR Industries gains on getting an open offer from EID Parry India
GMR Industries is currently trading at Rs 126, up by 1.45 points or 1.16% from its previous closing of Rs 124.55 on the BSE.
The scrip opened at Rs 128 and has touched a high and low of Rs 128 and Rs 123.25 respectively. So far 1,631 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs 10 has touched a 52 week high of Rs 160.75 on 20-Jan-2010 and a 52 week low of Rs 74.15 on 13-Jul-2009.
Last one week high and low of the scrip stood at Rs 126.25 and Rs 119 respectively. The current market cap of the company is Rs 251.52 crore.
The promoters holding in the company stood at 74.85% while Institutions and Non-Institutions held 10.70% and 14.45% respectively.
Enam Securities on behalf of EID Parry India- acquirer company, has made an announcement of open offer to the equity shareholders of GMR Industries, for acquiring 39,93,342 shares of Rs 10 each representing 20% fully paid up equity share capital at a price of Rs 110.69 per share payable in cash.
The specified date of offer is April 30, 2010. The offer opens on June 18 and closes on July 07, 2010. While, Enam Securities is the manager to the offer.
EID Parry, is engaged in the business of manufacturing and marketing of sugar and bio products.
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