Salora International Ltd to sell property to reduce debt

The Board of Salora International Ltd has, subject to approval of shareholders, approved the proposal for sale / divestment of the Company's property situated at B-31 to 34 & B-50 to 53, Sector - 80, NOIDA - 201 305, District Gautam Budh Nagar, U.P. to reduce debt of the Company and the corresponding interest burden. The potential sale will have no adverse impact on the operations of the Company.

Shares of SALORA INTERNATIONAL LTD. was last trading in BSE at Rs.41.55 as compared to the previous close of Rs. 39.6. The total number of shares traded during the day was 2244 in over 27 trades.

The stock hit an intraday high of Rs. 41.55 and intraday low of 38.1. The net turnover during the day was Rs. 89175.

Source : Equity Bulls

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