Bodal Chemicals Ltd to sell its Unit VI

Bodal Chemicals Ltd has decided to sell its Unit - VI, situated at Plot No. 606,607, G.I.D.C., Panoli, Nr. Ankleshwar, Dist. Bharuch, Gujarat.

Unit-VI is Inoperative. Unit VI is not a significant unit in terms of revenue or net worth of the Company. Also, Company has not calculated capacity of Unit VI in total production of capacity disclosed by the company.

The Unit will be sold at the prevailing market rates and selling price also not substantial compared to the size of the Company.

The consideration to be received from the above sale is Rs.80.00 lakhs.

Shares of Bodal Chemicals Ltd was last trading in BSE at Rs. 105.75 as compared to the previous close of Rs. 107.85. The total number of shares traded during the day was 30575 in over 562 trades.

The stock hit an intraday high of Rs. 108.8 and intraday low of 105.75. The net turnover during the day was Rs. 3271902.

Source : Equity Bulls

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