Inuva Info Management Private Limited, India ('Inuva') is a subsidiary of ISG Novasoft Technologies Limited which is downstream subsidiary of Chambal Fertilisers and Chemicals Limited ('Company'). Accordingly, Inuva is a downstream subsidiary of the Company.
The company have been informed today by Inuva that its Board of Directors has approved voluntary winding up of Inuva under the provisions of Insolvency and Bankruptcy Code, 2016 subject to approval of shareholders and other requisite approvals.
Inuva is not having any business operations and as per its audited financial statements for the Financial Year 2017-18, the Income and Networth of Inuva were as under:
- Income during the Financial Year 2017-18 - Rs. 2.66 Lakhs (0.0003% of the consolidated Income of the Company for the Financial Year 2017-18);and
- Networth as at March 31, 2018 - Rs. 16.41 Lakhs (0.0068% of the Consolidated Networth of the Company as at March 31, 2018).
Shares of CHAMBAL FERTILISERS & CHEMICALS LTD. was last trading in BSE at Rs.153.5 as compared to the previous close of Rs. 152.65. The total number of shares traded during the day was 37026 in over 366 trades.
The stock hit an intraday high of Rs. 155.3 and intraday low of 151.9. The net turnover during the day was Rs. 5682386.