A Vellayan, chairman of Murugappa Group, released a statement today regarding charges of insider trading leveled against him.
The case pertains to the acquisition of Sabero Organic Gujarat by Murugappa's group company Coromandel International. Sebi probed the share transactions following complaints that confidential information was leaked to certain persons between May 15, 2011 and June 15, 2011.
Sabero Organics Gujarat has reported a consolidated total income from operations of Rs 270.68 crore and a net profit of Rs 11.88 crore for the quarter ended Sep '14
Trent | ICRA | HT Media | Gujarat Apollo | HDFC | BHEL | NHPC | IOC | Maruti Suzuki | TVS Motor | Tata Motors | Mahindra and Mahindra | Jaiprakash Power Ventures and ONGC are stocks, which are in the news today.
In this transaction, Parry Chemicals offloaded its entire stake in Sabero Organics and with this Coromandel International holds 74.90 percent stake in Sabero Organics, up from 73.26 percent earlier.
Sabero Organics Gujarat has reported a sales turnover of Rs 160.46 crore and a net profit of Rs 3.72 crore for the quarter ended Dec '13
On December 03, 2013 Harvard Consultants LLP sold 4,96,106 shares of Sabero Organics Gujarat at Rs 139.22 on the NSE and sold 4,69,894 shares at Rs 139.16 on the BSE.
Sabero Organics' consolidated net profit grew 4 times year-on-year to Rs 16 crore and net sales jumped 57.5 percent to Rs 214 crore during July-September quarter.
The Sarigam unit of the company will be operating at about 60 percent capacity since it has not reached full capacity yet. Sabero Organics is targeting about 15 percent EBITDA going forward.
Fertiliser chemical manufacturer has received a letter from the Environmental Engineer, Gujarat Pollution Control Board (GPCB), Gandhi Nagar, advising to close production process at Sarigam Unit in Gujarat, stating that there were certain non-compliances of the environmental parameters.
Sabero Organics Gujarat has reported a sales turnover of Rs 220.34 crore and a net profit of Rs 16.37 crore for the quarter ended Sep '13
Sabero Organics Gujarat has reported a sales turnover of Rs 180.92 crore and a net profit of Rs 9.45 crore for the quarter ended Jun '13
Sabero Organics Gujarat has reported a sales turnover of Rs 124.39 crore and a net profit of Rs 3.51 crore for the quarter ended Mar '13
Sabero Organics Gujarat has reported a sales turnover of Rs 124.00 crore and a net profit of Rs 2.03 crore for the quarter ended Dec '12
Sabero Organics Gujarat has reported a sales turnover of Rs 141.46 crore and a net profit of Rs 4.01 crore for the quarter ended Sep '12
Sabero Organics Gujarat has reported a sales turnover of Rs 124.98 crore and a net loss of Rs 1.86 crore for the quarter ended Jun '12
Sabero Organics Gujarat has reported a sales turnover of Rs 94.06 crore and a net loss of Rs 11.17 crore for the quarter ended Mar '12
Fertiliser manufacturer Coromandel International Ltd (CIL) today said that it has bought 9% stake in Sabero Organics Gujarat Ltd (SOGL) through promoters.
Sabero Organics Gujarat touched a 52-week high of Rs 118.40. At 09:51 hrs the share was quoting at Rs 118.40, up Rs 10.75, or 9.99%.
Coromandel International, a part of the USD 3.8 billion-Murugappa Group, on Tuesday said it is going to acquire 42.2 per cent stake in Sabero Organics Gujarat Ltd, a Mumbai-based agrochemical manufacturer, for Rs 250 crore in an all cash deal.
Shares of Sabero Organics Gujarat surged 10% in early trade Tuesday to Rs 97.90 after Coromandel International said it would buy out the promoters for Rs 198.47 per share. This includes Rs 38.47 per share as non-compete fee. Trading in Sabero shares has been frozen for want of sellers.
Coromandel International touched an intraday high of Rs 330 and an intraday low of Rs 316.55. At 09:21 hrs the share was quoting at Rs 330, up Rs 14.85, or 4.71% on the NSE. Coromandel International has acquired 42.2% stake in Sabero Organics, reports CNBC-TV18.
Sabero Organics Gujarat has reported a sales turnover of Rs 92.87 crore and a net profit of Rs 1.04 crore for the quarter ended Dec '10