Lippi Systems Ltd enters into MOU with Image Gravures

Lippi Systems Ltd has entered into a Memorandum of Understanding ('MOU') with M/s Image Gravures, a Partnership Firm ('the Buyer') for the Sale and Transfer of its Plant & Machineries and Inventories situated at the factory of the Company on as is where is basis ('the Assets') for an aggregate consideration of INR 945.00 Lakhs plus GST and other taxes as applicable.

As a part of terms and conditions of MOU, the sale and transfer of the said Assets is conditional and also subject to the approval from the Shareholders of the Company, the Bankers and also from any statutory / regulatory authorities, if required.

Shares of LIPPI SYSTEMS LTD. was last trading in BSE at Rs. 13.82 as compared to the previous close of Rs. 13.17. The total number of shares traded during the day was 901 in over 9 trades.

The stock hit an intraday high of Rs. 13.82 and intraday low of 13.45. The net turnover during the day was Rs. 12451.00.

Source : Equity Bulls

Keywords

LIPPISYSTEMS INE845B01018 IndustrialMachinery MOU ImageGravures