MSTC Ltd to sell Ferro Scrap Nigam Ltd

Pursuant to the directions of Department of Investment and Public Asset Management ('DIPAM'), Ministry of Finance, Government of India ('GoI'), the Board of Directors in its aforesaid meeting gave its consent for proposed disinvestment of 100% equity in Ferro Scrap Nigam Limited ('FSNL') - a 100% subsidiary of MSTC Limited, through Strategic Sale along with transfer of management control.

Shares of Mstc Limited was last trading in BSE at Rs. 352.65 as compared to the previous close of Rs. 364.10. The total number of shares traded during the day was 58965 in over 3259 trades.

The stock hit an intraday high of Rs. 368.00 and intraday low of 349.00. The net turnover during the day was Rs. 20949495.00.

Source : Equity Bulls

Keywords

MstcLimited INE255X01014 Sale Disinvestment FerroScrapNigam DIPAM StrategicSale