POCL Enterprises touches roof on completing acquisition of 40% stake in PlanetFirst Green

By this acquisition, PlanetFirst Green becomes an Associate company of POCL Enterprises

Pocl Enterprises is currently trading at upper limit of Rs. 227.40, up by 10.80 points or 4.99% from its previous closing of Rs. 216.60 on the BSE.

The scrip opened at Rs. 219.00 and has touched a high and low of Rs. 227.40 and Rs. 219.00 respectively. So far 55686 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 2 has touched a 52 week high of Rs. 279.00 on 06-May-2025 and a 52 week low of Rs. 82.52 on 27-Jun-2024.

Last one week high and low of the scrip stood at Rs. 227.70 and Rs. 205.40 respectively. The current market cap of the company is Rs. 699.62 crore.

The promoters holding in the company stood at 41.58%, while Non-Institutions held 58.42% stake in the company.

POCL Enterprises has completed the acquisition of 40% of the Equity shares and 85% of the Non-cumulative Non-Convertible Redeemable Preference Shares of PlanetFirst Green (Planetfirst) from the existing shareholders and promoters of Planetfirst by executing Shareholders’ Agreement and Share Purchase Agreement for a total consideration of Rs 19 crore. By this acquisition, PlanetFirst Green becomes an Associate company of POCL Enterprises. 

PlanetFirst Green is engaged in the business of Lead recycling. The acquisition of a lead recycling business aligns with the company’s strategic goals of boosting resource efficiency and growing its market share. This acquisition is expected to create significant value for POEL through synergies with existing PlanetFirst shareholders. 

POCL Enterprises specializes in manufacturing and trading of various metals, chemicals and their oxides.