Elcid Investments Ord Shs Share: The share of Elcid Investments is being discussed often on the stock market these days.
Elcid Investments’ share is constantly being pushed higher. Elcid Investments’ share has risen 5 percent.
Elcid Investments also climbed 5 percent, reaching Rs 14,000 in trade on Tuesday. Today, the stock hit the 52-week high of 2,87,163.25.
The share price of the business was 2,73,488.85 an upper limit of 5. In this way, Elcid Investments became the most expensive stock in the nation, following the trail of MRF Limited.
The share of MRF Limited is trading at Rs 1,18,660, which is down to 2 percent as of today.
The Company Suddenly Came Into The Headlines Last Week
On the 29th of October, a special auction was held by BSE on the prices for the companies that hold them.
Investors were able to make purchases or sell with no price band. The auction was held on October 29th, and the cost of Alcid’s shares was set at Rs 2.25 lakh.
The share of Alcid Investment Limited was relisted on the BSE, Bombay Stock Exchange on the 29th of October, Tuesday.
The price for the listing of the shares was 2.25 lakh. However, during trading, it increased by 5 percent and reached the price of Rs 23,6250.
In July of this year, the stock was a penny stock at only the amount of 3.21 rupees. The trading on the shares has been stopped.
Actually, as per the circular issued by BSE on the 21st of October, certain investment holding firms (IHCs) were relisted.
Alcid Investments was one of the companies. In the past, the Promoters of Alcid Investments voluntarily offered the delisting of shares for an initial price of 1,61,023 per share.
A special resolution was drafted to accomplish this. Others included names such as Nalwa Sons Investments, Kalyani Investment Company, Haryana Capfin, TVS Holdings, SIL Investments, GFL, Maharashtra Scooters, and Pilani Investment and Industries Corporation.
About The Company
Alcid Investments is an NBFC that is registered by the RBI under the category of investment company.
Alcid Investments currently has no operating business that it owns but does have significant stakes in other major firms such as Asian Paints etc.
Alcid Investments holds 2,83,13,860 equity shares, or the equivalent of a 2.95 percent share within Asian Paints Limited, valued at around Rs 8,500 crore at the time of the closing date of its last report.
Quick Fact
| Elcid Investments | Details |
|---|---|
| Share rise | 5% |
| Recent trading price | ₹14,000 |
| 52-week high price | ₹2,87,163.25 |
| Upper limit price | ₹2,73,488.85 |
| Special auction date | October 29 |
| Auction price (Oct 29) | ₹2,25,000 |
| Relisting date | October 29 |
| Price after relisting | ₹23,6250 |
| Penny stock (July) | ₹3.21 |
| Promoter delisting offer price | ₹1,61,023 |
| Listed on | BSE |
| Business type | Investment company |
| NBFC registration | Yes |
| RBI registered | Yes |
| Business Type | Asian Paints |
| Shares in Asian Paints | 2,83,13,860 |
| Asian Paints stake % | 2.95% |
| Estimated stake value | ₹8,500 crore |
| MRF | Details |
|---|---|
| Current trading price | ₹1,18,660 |
| Share decline | 2% |
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