AB Group plans to up stake in Hindalco, Grasim: Sources

Nov 26, 2013, 10.57 AM IST

The AB Group is likely to use creeping acquisition and open market purchases. Sources say hiking stake in Grasim top priority for the group.

Like this story, share it with millions of investors on M3

AB Group plans to up stake in Hindalco, Grasim: Sources

The AB Group is likely to use creeping acquisition and open market purchases. Sources say hiking stake in Grasim top priority for the group.

Like this story, share it with millions of investors on M3

AB Group plans to up stake in Hindalco, Grasim: Sources

The AB Group is likely to use creeping acquisition and open market purchases. Sources say hiking stake in Grasim top priority for the group.

Share  .  Email  .  Print  .  A+A-

Home-grown conglomerate Aditya Birla Group aims to hike stake in group companies. CNBC-TV18 learns from sources the AB Group may spend Rs 6,000 crore for stake hike. It is looking to hike stake in  Hindalco and  Grasim to 40-45 percent.

The current group prompter holding for Hindalco is at 37 percent and 25 percent in Grasim. Sources say group plans to buy 8 percent (valued at 1,955 crore at CMP) in Hindalco and 19.5 percent (valued at 4,600 crore at CMP) in Grasim.

The AB Group is likely to use creeping acquisition and open market purchases. Sources say hiking stake in Grasim top priority for the group.

The group official declined to comment to a CNBC-TV18 query on the subject.

Grasim stock price

On November 26, 2013, at 11:14 hrs Grasim Industries was quoting at Rs 2551.55, down Rs 7.1, or 0.28 percent. The 52-week high of the share was Rs 3406.75 and the 52-week low was Rs 2121.00.

The company's trailing 12-month (TTM) EPS was at Rs 131.79 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 19.36. The latest book value of the company is Rs 1102.51 per share. At current value, the price-to-book value of the company is 2.31.

Anda sedang membaca artikel tentang

AB Group plans to up stake in Hindalco, Grasim: Sources

Dengan url

https://olahragakecantikan.blogspot.com/2013/11/ab-group-plans-to-up-stake-in-hindalco.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

AB Group plans to up stake in Hindalco, Grasim: Sources

namun jangan lupa untuk meletakkan link

AB Group plans to up stake in Hindalco, Grasim: Sources

sebagai sumbernya