Tata Chemicals unit to sell stake in Gez Mauritius for $5.5 million
Tata Chemicals Ltd has entered into an agreement with
Rademan Janse van Rensburg for sale of its entire stake in Grown Energy
Zambeze Holdings, Mauritius (‘GEZ Mauritius’) for a consideration of US$
5.5 million.
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Stock view:
Tata Chemicals Ltd ended at Rs. 340.65, up by Rs. 5.9 or 1.76% from its previous closing of Rs. 334.75 on the BSE.
The scrip opened at Rs. 344.95 and touched a high and low of Rs. 344.95
and Rs. 328.05 respectively. A total of 562082(NSE+BSE) shares were
traded on the counter. The current market cap of the company is Rs.
8678.4 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of
Rs. 525.7 on 23-Jul-2015 and a 52 week low of Rs. 324.9 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 375 and Rs. 324.9
respectively.
The promoters holding in the company stood at 30.98 % while Institutions
and Non-Institutions held 47.48 % and 21.54 % respectively.
The stock traded above its 200 DMA.
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