Bihar Tubes Board to consider acquisition of Apollo Metalex

Bihar Tubes Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 14, 2007, inter alia, for finalizing the terms and conditions of acquiring of the running business / Acquisition / Acquisition of Shareholding of M/s. Apollo Metalex (P) Ltd which is engaged in the business of manufacturing & sales of GP Sheets.

The stock closed the day at Rs.85.25, up by Rs.0.30 or 0.35%. The stock hit an intraday high of Rs.86.50 and low of Rs.83.55. The total traded quantity was 42796 compared to 2 week average of 62366.

Source : Equity Bulls

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