Sangam Renewables Limited to sell stake in Waacox Energy Pvt Ltd for Rs. 41.60 crore

The Board of Directors of Sangam Renewables Limited at its meeting held today i.e., on May 10, 2021 at 3.30 p.m. and concluded at 4.50 p.m. have considered and approved the divestment of the 31,880,100 equity shares of Rs. 10/- each held in Waacox Energy Private Limited, a material subsidiary company to Aditya Birla Renewables Limited at price not less than Rs. 13.05 per equity share amounting to total consideration not less than Rs. 41,60,35,305/- (Forty-one crore sixty lakhs thirty-five thousand three hundred five only)

Shares of Sangam Renewables Ltd was last trading in BSE at Rs.76.5 as compared to the previous close of Rs. 73.15. The total number of shares traded during the day was 45081 in over 227 trades.

The stock hit an intraday high of Rs. 76.8 and intraday low of 73.05. The net turnover during the day was Rs. 3423195.

Source : Equity Bulls

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