GeeCee Ventures, formerly known as Gwalior Chemical Industrial Limited, was principally into the business of manufacturing and marketing of specialty chemicals, serving both the domestic and exports customers in the agrochemical, paints and coatings, dyes and flavor & fragrance industries.
In August 2009, as a measure of diversification strategy adopted by the Company, it sold its main manufacturing unit at Nagda, Madhya Pradesh to Lanxess (India) Pvt Limited, a subsidiary of German multinational Lanxess AG. After the transfer of the Chemical Business the name of the Company has been changed to GeeCee Ventures Limited.
Today, GeeCee Ventures share price gained approximately 9 per cent to trade at the intraday high of Rs. 145.90.
The realty sector company has the market cap of Rs. 291.03 crores as on 5thJanuary 2016 with the PE ratio of 8.45. The Indian promoters own 68.20 per cent stakes in the company while the remaining 31.80 per cent is distributed among the institutions and non-institutions. Institutions own 0.02 per cent while non-institutions own 31.78 per cent stakes in the company as per the shareholding pattern of the company on September 30th 2016.
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