Tata Projects to acquire majority stake in Artson Engineering Ltd

Artson Engineering Ltd has announced that the Company has finalized arrangements with M/s. Tata Projects Ltd for Strategic Majority Stake subject to Approval of BIFR.

The Secured Lenders such as Banks & Financial Institutions have also agreed to substantial concessions in the DRS.

The Company's DRS is under finalization and expected to be submitted shortly to BIFR for approval.

The Company has a Healthy Order booking & current Operating Results are positive.

Shares of the company were trading up by Rs.2 or 4.93% at Rs.42.60 on volume of 33822 shares compared to 2 week average quantity of 17888 shares.

Source : Equity Bulls

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