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28-Jul2017

Zenotech Laboratories shines as Sun Pharma raises stake in company

Zenotech Laboratories is currently trading at Rs. 52.20, up by 2.45 points or 4.92% from its previous closing of Rs. 49.75 on the BSE.

The scrip opened at Rs. 51.00 and has touched a high and low of Rs. 52.20 and Rs. 49.00 respectively. So far 111011 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 59.69 on 04-May-2017 and a 52 week low of Rs. 33.83 on 30-Sep-2016.

Last one week high and low of the scrip stood at Rs. 57.75 and Rs. 49.75 respectively. The current market cap of the company is Rs. 303.63 crore.

The promoters holding in the company stood at 66.85%, while institutions and non-institutions held 0.01% and 33.14% respectively.

Sun Pharmaceutical Industries has raised its shareholding in Zenotech Laboratories from 46.85% of pre rights issue capital to 57.56% of the post rights issue capital.

This is pursuant to allotment of 1,90,00,000 equity shares of Rs 10 each for cash at a price of Rs 45 each including a share premium of Rs 35 per equity share issued on rights basis by Zenotech.

 


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