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Indo Amines surges on getting nod to acquire 60% equity shares of Ashok Surfactants

Indo Amines is currently trading at Rs. 80.40, up by 1.55 points or 1.97% from its previous closing of Rs. 78.85 on the BSE. The scrip opened at Rs. 81.70 and has touched a high and low of Rs. 81.70 and Rs. 80.40 respectively. So far 11 shares were traded on the counter. The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 146.00 on 18-Sep-2018 and a 52 week low of Rs. 65.00 on 02-Jul-2018.

Last one week high and low of the scrip stood at Rs. 82.80 and Rs. 74.25 respectively. The current market cap of the company is Rs. 268.12 crore. The promoters holding in the company stood at 73.50%, while Non-Institutions held 26.50% stake in the company. Indo Amines has received approval to acquire 60% equity shares of Ashok Surfactants by way of transfer from existing equity shareholders of Ashok Surfactants to the company. The Board of Directors of the company at their meeting held on July 01, 2019, approved the same.

Indo Amines manufactures various types of fatty amines, amine derivatives that are used by various industries for direct application. Its products also have specialized process application for various industries and their processes.

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