Alphageo India Ltd enters in to JV agreement

Alphageo (India) Limited ('AGIL') and Aquila Drilling Private Limited ('ADPL') have entered into a joint venture agreement to carry out the business of geophysical / geological services, drilling and other related services for hydrocarbon and mineral exploration, with the financial and technical support of each other.

The business under this joint venture will be undertaken through Alphageo Offshore Services Private Limited ('AOSPL'), which is currently a wholly-owned subsidiary of AGIL. The Joint Venture Agreement has been executed today i.e. 12th February, 2021. AGIL and ADPL will hold the equity capital in the ratio of 70:30 in AOSPL.

Shares of ALPHAGEO (INDIA) LTD. was last trading in BSE at Rs.211.9 as compared to the previous close of Rs. 212.6. The total number of shares traded during the day was 2151 in over 115 trades.

The stock hit an intraday high of Rs. 215.5 and intraday low of 208.15. The net turnover during the day was Rs. 454790.

Source : Equity Bulls

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