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14-Feb2019

ABB India inches up on getting nod to segregate power grids business from other businesses

ABB India is currently trading at Rs. 1256.35, up by 7.65 points or 0.61% from its previous closing of Rs. 1248.70 on the BSE.

The scrip opened at Rs. 1267.00 and has touched a high and low of Rs. 1267.00 and Rs. 1251.00 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1629.00 on 14-Feb-2018 and a 52 week low of Rs. 1123.00 on 28-Jun-2018.

Last one week high and low of the scrip stood at Rs. 1276.05 and Rs. 1224.05 respectively. The current market cap of the company is Rs. 26461.00 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.67% and 8.33% respectively.

ABB India has been granted in-principle approval for the segregation of the company's power grids business from the company's other businesses. The Board of Directors of the Company at its meeting held on February 13, 2019 has approved the same. The Board has determined that a court-approved demerger is the preferred option.

ABB India is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.


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