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Waaree Energies Ltd raises stake in Sangam Renewables Ltd to 51.89%



Posted On : 2019-04-20 08:01:55( TIMEZONE : IST )

Waaree Energies Ltd raises stake in Sangam Renewables Ltd to 51.89%

Sangam Renewables Ltd's Promoter, Waaree Energies Limited has purchased 10800000 equity shares of the company through Preferential Offer in BSE. The shares were bought for a total amount of Rs. 199800000.

With this acquisition, the shareholding of Waaree Energies Limited has increased from 0 (0%) to 10800000 (51.89%). The shares were acquired during the period 4/8/2019 to 4/8/2019.

Promoter EntityShares Acquired / SoldDate / PeriodHolding - Pre TransactionHolding - Post Transaction
Waaree Energies Limited108000004/8/2019 to 4/8/20190 (0%)10800000 (51.89%)

Shares of the company was last trading in BSE at Rs.18.2 as compared to the previous close of Rs. 18.4. The total number of shares traded during the day was 10210 in over 18 trades.

The stock hit an intraday high of Rs. 18.2 and intraday low of 17.5. The net turnover during the day was Rs. 182365.

Source : Equity Bulls

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