Technocraft Industries to acquire Vir Rubber Products

Technocraft Industries India Ltd has announced that the Board of Directors of the Company at its meeting held on April 20, 2007, has taken the following decision:

1. Code of Conduct has been adopted by the Board as applicable to Senior Management Employment and Board.

2. Company is acquiring Rubber manufacturing Company - Vir Rubber Products Pvt Ltd.

3. Company is establishing Green Field Steel Drum Manufacturing Plant in Romania.

The stock closed the day at Rs.85, down by Rs.2.10 or 2.41%. The stock hit an intraday high of Rs.89.50 and low of Rs.84.10. The total traded quantity was 478976 shares compared to 2 week average of 251260.

Source : Equity Bulls

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