Jubilant Industries Limited to sell its portable liquor license to manufacture IMFL

Jubilant Industries Limited has executed an "Agreement to Sell" for transfer of portable liquor license of the Company for manufacturing of Indian Made Foreign Liquor ("License") today, i.e. November 23, 2020 ("Agreement to Sell"). The transfer of the License is subject to certain conditions as set out in the Agreement to Sell. Consequent to the transfer of the License, the Company shall no longer be manufacturing Indian Made Foreign Liquor.

Shares of JUBILANT INDUSTRIES LTD. was last trading in BSE at Rs.200.3 as compared to the previous close of Rs. 182.1. The total number of shares traded during the day was 10244 in over 324 trades.

The stock hit an intraday high of Rs. 200.3 and intraday low of 187. The net turnover during the day was Rs. 2017281.

Source : Equity Bulls

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