Balkrishna Industries Board to consider transferring paper and textile business

Balkrishna Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on May, 02, 2007, to finalise the modalities of transferring the Paper Business and Textile business operations of the Company to its wholly owned subsidiaries named Balkrishna Paper Mills Ltd and Balkrishna Synthetics Ltd respectively.

The stock was trading at Rs.535, down by Rs.2.05 or 0.38%. The stock hit an intraday high of Rs.541 and low of Rs.520. The total traded quantity was 2576 compared to 2 week average of 1841.

Source : Equity Bulls

Keywords