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11-Jul2017

Arrow Greentech surges on dissolving step down subsidiary Arrow Realty

Arrow Greentech is currently trading at Rs. 565.25, up by 9.50 points or 1.71% from its previous closing of Rs. 555.75 on the BSE.

The scrip opened at Rs. 563.80 and has touched a high and low of Rs. 567.50 and Rs. 554.70 respectively. So far 1540 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 595.10 on 30-Jan-2017 and a 52 week low of Rs. 390.50 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 576.00 and Rs. 547.00 respectively. The current market cap of the company is Rs. 662.60 crore.

The promoters holding in the company stood at 69.68%, while institutions and non-institutions held 1.15% and 29.18% respectively.

Arrow Greentech has dissolved its step down subsidiary Arrow Realty due to operational inconvenience with effect from June 27, 2017.

All the assets and liabilities of Arrow Realty are transferred to the Parent Company Arrow Green Technologies (UK), as Arrow Realty was a 100% subsidiary of Arrow Green Technologies (UK).

Arrow Greentech is pioneer in manufacturing Water Soluble Film by a unique method using detachable liners. The company's RND department has many years experience in Coatings, Security Printing, and casting films since many years.


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