Himadri Speciality Chemical is currently trading at Rs. 353.00, up by 3.80 points or 1.09% from its previous closing of Rs. 349.20 on the BSE.
The scrip opened at Rs. 349.15 and has touched a high and low of Rs. 358.00 and Rs. 348.00 respectively. So far 16799 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 399.00 on 08-Jan-2024 and a 52 week low of Rs. 115.05 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 359.70 and Rs. 329.20 respectively. The current market cap of the company is Rs. 17392.97 crore.
The promoters holding in the company stood at 50.29%, while Institutions and Non-Institutions held 7.25% and 42.46% respectively.
Himadri Speciality Chemical has completed acquisition of 40% paid-up equity share capital of Invati Creations, for a total purchase consideration of Rs 45.16 crore. The acquisition is completed on May 17, 2024. The Company’s decision to invest in Invati Creations, aligns with its vision of producing high-quality Lithiumion (Li-ion) battery materials and reinforces its commitment in exploring innovative technologies in the battery material segment.
This acquisition would strengthen the Company’s position as Invati’s R&D capabilities have the potential to be transformative for battery materials being developed and proposed to be manufactured by the Company. This acquisition is envisaged to contribute significantly to advancing technology and solutions in the life-science verticals, positioning both entities at the forefront of scientific and technological advancements.
Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The company has operations in India and caters to both domestic and international markets.
