Ashirwad Steels & Industries Ltd to sell sponge iron plant for Rs. 15 crores

The board of directors of Ashirwad Steels & Industries Limited in their meeting held today have decided to sell company's sponge iron plant, situated at Adityapur Industrial Estate, Phase V, Ghamaria, Jamshedpur, along with its Assets and Liabilities, on a slump sale basis and as a going concern and on As is where is and whatever it is basis to M/s Bankura Steel Private Limited, based on the written binding offer of this purchaser company, for a lump sum consideration value of Rupees Fifteen Crores subject to approval by the shareholders through ongoing postal ballot process which is scheduled to be completed on 10th February,2022 vide postal ballot notice dated 03.01.2022.

Shares of ASHIRWAD STEELS & INDUSTRIES LTD. was last trading in BSE at Rs. 18.10 as compared to the previous close of Rs. 18.90. The total number of shares traded during the day was 14375 in over 120 trades.

The stock hit an intraday high of Rs. 18.55 and intraday low of 18.00. The net turnover during the day was Rs. 258856.00.

Source : Equity Bulls

Keywords

ASHIRWADSTEELSandINDUSTRIES INE338C01012 SlumpSale SpongeIronPlant