Carborundum Universal Ltd completes acquisition of PLUSS

Carborundum Universal Limited (CUMI) have completed the acquisition / investment in the equity share capital of PLUSS Advanced Technologies Private Limited (PLUSS) on 6th October 2021 aggregating to 71.99% of the paid-up equity capital.

Post this acquisition effective 6th October 2021, PLUSS along with its wholly owned subsidiary in Netherlands - M/s. Pluss Advanced Technologies BV have become subsidiaries of CUMI.

Shares of Carborundum Universal Limited was last trading in BSE at Rs. 867.85 as compared to the previous close of Rs. 866.50. The total number of shares traded during the day was 6498 in over 893 trades.

The stock hit an intraday high of Rs. 882.00 and intraday low of 865.30. The net turnover during the day was Rs. 5685941.00.

Source : Equity Bulls

Keywords

CarborundumUniversal INE120A01034 CARBORUNIV IndustrialProducts CUMI