Esab India acquires further stake in ESAB Welding & Cutting systems Ltd

Esab India Ltd has announced that the Company has acquired 2,00,000 equity shares in ESAB Welding & Cutting systems Ltd, the Company Subsidiary, constituting 14.29% of the share capital of the said subsidiary.

Consequent to the said acquisition of shares, ESAB Welding & Cutting systems Ltd has now become a Wholly owned subsidiary of the Company with effect from September 20, 2007.

The stock closed the day at Rs.470, up by Rs.1.35 or 0.29%. The total traded quantity was 3118 compared to 2 week average of 2369.

The stock hit an intraday high of Rs.473.50 and low of Rs.460.75.

Source : Equity Bulls

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