Alan Scott Industries Limited to form subsidiary for retail foray

The Board of Directors of Alan Scott Industries Limited in its meeting, held today, 15th December, 2021, has decided to enter into the field of retail business in joint venture with Vasibala Ventures Pvt. Ltd. The Company will be operating franchise stores in India. For the purpose, the Company is in process of incorporating a subsidiary company in the name and style Allan Scott Retail Limited and Allan Scott will be holding about 85% of the issued, subscribed and paid-up capital of the said subsidiary.

Shares of Alan Scott Industries Ltd was last trading in BSE at Rs. 265.60 as compared to the previous close of Rs. 279.55. The total number of shares traded during the day was 345 in over 14 trades.

The stock hit an intraday high of Rs. 265.60 and intraday low of 265.60. The net turnover during the day was Rs. 91632.00.

Source : Equity Bulls

Keywords

AlanScottIndustries INE273F01022 RetailBusiness Susbidiary JV VasibalaVentures