Sandhar Technologies rises on acquiring shares of Sandhar Daewha Automotive Systems

Sandhar Technologies is currently trading at Rs. 251.20, up by 4.40 points or 1.78% from its previous closing of Rs. 246.80 on the BSE.

The scrip opened at Rs. 250.05 and has touched a high and low of Rs. 251.65 and Rs. 250.00 respectively. So far 278 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 333.00 on 15-Sep-2021 and a 52 week low of Rs. 175.00 on 23-Apr-2021.

Last one week high and low of the scrip stood at Rs. 263.75 and Rs. 244.55 respectively. The current market cap of the company is Rs. 1485.51 crore.

The promoters holding in the company stood at 70.37%, while Institutions and Non-Institutions held 17.35% and 12.27% respectively.

Sandhar Technologies has acquired 1,48,23,143 equity shares (i.e. 47.82% of total shareholding) of Sandhar Daewha Automotive Systems (SDASPL) on December 28, 2021. The shareholding of the Company has increased from 52.18% to 100% of the total shareholding in Sandhar Daewha Automotive Systems. Accordingly, SDASPL has become the Wholly Owned Subsidiary of the Company.

Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc.

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