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Siddhant Sanjay Shah Profile picture
Siddhant Sanjay Shah
@siddymercury
Investor, KBS Group
Apr 16, 2021 • 24 tweets • 5 min read
Tata capital financial services, an arm of Tata sons bought 7.3% equity of Praj Industries from Founder-Chairman Pramod Chaudhari on September 2007 for around 338 crore rupees @ Rs. 252/share valuing the company at 4630cr. #praj #ethanol #bioenergy Praj’s stock shortly topped out in December 2007 at Rs. 270/share. Then came the GFC where the stock bottoms at Rs. 50/share in March 2009. For over 11 years Praj has been in a tight range between Rs. 50 & 155/share.