Hazoor Multi Projects Ltd dilutes holding in subsidiary

Pursuant to the divestment strategy, Hazoor Multi Projects Ltd has diluted its holding to 46%, in the capital of the subsidiary, M/s. Hazoor Township Developers Pvt. Ltd. As a consequences the Company ceases to be the holding company of the said subsidiary.

The aforesaid dilution of holding will have no bearing on the performance / operation of the Company as it envisage to reinvest the divested surplus into the other revenue yielding activities.

Shares of Hazoor Multi Projects Ltd was last trading in BSE at Rs.0.43, up by Rs.0.02 or 4.88%. The stock hit an intraday high of Rs.0.43 and intraday low of Rs.0.39.

The total traded quantity was 1017 shares as compared to 2 week average of 459 shares.

Source : Equity Bulls

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