HSIL is currently trading at Rs. 270.75, up by 2.55 points or 0.95% from its previous closing of Rs. 268.20 on the BSE.
The scrip opened at Rs. 268.00 and has touched a high and low of Rs. 288.70 and Rs. 262.60 respectively. So far 125261 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 288.70 on 18-Jan-2022 and a 52 week low of Rs. 105.00 on 18-Jan-2021.
Last one week high and low of the scrip stood at Rs. 288.70 and Rs. 231.20 respectively. The current market cap of the company is Rs. 1814.76 crore.
The promoters holding in the company stood at 60.24%, while Institutions and Non-Institutions held 9.88% and 29.88% respectively.
HSIL’s Board has approved the divestment of its Building Products division to Brilloca, a wholly owned subsidiary of Somany Home Innovation (SHIL) in a slump sale transaction for a cash consideration of Rs 630 crore.
Cash proceeds of Rs 630 crore will be utilized towards the pre-payment of existing bank borrowings which will further strengthen the HSIL balance sheet and create capital to further expand its packaging business. Going forward, HSIL will completely focus on the expansion of its packaging business and capitalize on both organic and inorganic opportunities.
HSIL is India’s leading packaging company.