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23-Jan2018

Sat Industries planning to acquire stake of Fibcorp Polyweave

Sat Industries is currently trading at Rs. 41.60, up by 0.40 points or 0.97% from its previous closing of Rs. 41.20 on the BSE.

The scrip opened at Rs. 41.50 and has touched a high and low of Rs. 42.60 and Rs. 41.25 respectively. So far 15147 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 43.80 on 16-Jan-2018 and a 52 week low of Rs. 20.50 on 23-Jan-2017.

Last one week high and low of the scrip stood at Rs. 43.80 and Rs. 37.50 respectively. The current market cap of the company is Rs. 449.28 crore.

The promoters holding in the company stood at 54.01%, while non-institutions held 45.99% stake in the company.

Sat Industries is planning to acquire equity shares of Fibcorp Polyweave. The meeting of the Board of Directors of the company will be held on January 30, 2018, to consider the same.

Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.


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