GMM Pfaudler Ltd's wholly owned subsidiary namely GMM Pfaudler US Inc., USA has incorporated a joint venture company with JDS Manufacturing Inc in USA named "GMM Pfaudler JDS LLC" and has completed the acquisition of 51% shareholding of GMM Pfaudler JDS LLC on November 28, 2022.
The joint venture will help both the parties to further develop the high-margin service business and is expected to strengthen GMM Pfaudler Ltd's market position in the USA.
Shares of GMM Pfaudler Limited was last trading in BSE at Rs. 1895.95 as compared to the previous close of Rs. 1892.45. The total number of shares traded during the day was 3448 in over 435 trades.
The stock hit an intraday high of Rs. 1935.00 and intraday low of 1884.30. The net turnover during the day was Rs. 6568656.00.