Saurashtra Cement Limited and Gujarat Sidhee Cement Limited to merge

The Board of Directors of Saurashtra Cement Limited and Gujarat Sidhee Cement Limited at its meeting held today i.e. Friday the 26th November 2021 have approved the delegation of authority to the Executive Vice Chairman and Managing Director for appointment of Consultants, Merchant Bankers / Other Intermediaries etc, for ascertaining the feasibility of amalgamation/merger of Saurashtra Cement Limited and Gujarat Sidhee Cement Limited in accordance with applicable laws.

Shares of Gujarat Sidhee Cement Limited was last trading in BSE at Rs. 43.65 as compared to the previous close of Rs. 45.40. The total number of shares traded during the day was 22604 in over 423 trades.

The stock hit an intraday high of Rs. 45.05 and intraday low of 43.35. The net turnover during the day was Rs. 996693.00.

Shares of SAURASHTRA CEMENT LTD. was last trading in BSE at Rs. 73.50 as compared to the previous close of Rs. 76.90. The total number of shares traded during the day was 45433 in over 399 trades.

The stock hit an intraday high of Rs. 77.80 and intraday low of 73.00. The net turnover during the day was Rs. 3404557.00.

Source : Equity Bulls

Keywords

GujaratSidheeCementLimited INE542A01039 GSCLCEMENT SAURASHTRACEMENTLTD INE626A01014 Merger Amalgamation