Chambal Fertilisers & Chemicals Rallies 4%

With reference to the earlier letter dated November 12, 2016 regarding the proposed merger of CFCL Technologies Limited ("CFCL Tech"), a subsidiary of the Company incorporated under the laws of Cayman Islands, with CFCL Ventures Limited, a wholly owned subsidiary of CFCL Tech incorporated under the laws of Cayman Islands.

Chambal Fertilisers & Chemicals Ltd has now informed BSE that the Cayman Islands Registrar of Companies has approved the merger of CFCL Tech into CFCL Ventures Limited effective December 20, 2016. Accordingly, CFCL Tech stands merged with CFCL Ventures Limited with effect from that date.

Chambal Fertilisers & Chemicals Ltd is currently trading at Rs 68.1, up by Rs 2.3 or 3.5% from its previous closing of Rs 65.8 on the BSE. The scrip opened at Rs 65.1 and has touched a high and low of Rs 68.75 and Rs 64.6 respectively. So far 537435 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2738.66 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 74.75 on 08-Dec-2016 and a 52 week low of Rs 50.85 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 72.7 and Rs 65.5 respectively. The promoters holding in the company stood at 57.34 % while Institutions and Non-Institutions held 19.98 % and 22.14 % respectively.

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