Rexnord Electronics and Controls Ltd to dispose industrial property

The Board of Directors of Rexnord Electronics and Controls Ltd have approved the disposal of the Industrial Property of the Company situated at Sativali, Vasai (East), Dist. Palghar.

The board also approved disinvestment of 20,00,000 Equity Shares having face value of Rs. 10/- each in Rexnord Enterprise Private Limited (wholly owned subsidiary).

Shares of REXNORD ELECTRONICS & CONTROLS LTD. was last trading in BSE at Rs. 49.10 as compared to the previous close of Rs. 49.55. The total number of shares traded during the day was 11528 in over 65 trades.

The stock hit an intraday high of Rs. 50.55 and intraday low of 47.05. The net turnover during the day was Rs. 564145.00.

Source : Equity Bulls

Keywords

REXNORDELECTRONICSandCONTROLSLTD INE687C01012 IndustrialPropertySale Disinvestment