Sandhar Technologies enters into agremenet with Kwangsung Corporation

Sandhar Technologies Limited ("STL") has entered into Shareholders Agreement (SHA) on 27th January, 2022 with Kwangsung Corporation Ltd ("KSC"), Kwangsung Sandhar Technologies Private Limited ("KSTPL") and Kwangsung Sandhar Automotive Systems Private Limited ("KSASPL") for the purpose of subscription / acquisition of Equity Shares in KSASPL.

STL and KSC are holding 51.05% and 48.95% Shareholding of KSTPL (Joint Venture Company) respectively.

The agreement is entered for subscription / acquisition of Equity Shares in KSASPL by STL and KSC in 50:50 ratio of fresh issue.

Shares of Sandhar Technologies Limited was last trading in BSE at Rs. 248.35 as compared to the previous close of Rs. 246.00. The total number of shares traded during the day was 16254 in over 1192 trades.

The stock hit an intraday high of Rs. 250.00 and intraday low of 239.50. The net turnover during the day was Rs. 3991416.00.

Source : Equity Bulls

Keywords

SandharTechnologies INE278H01035 ShareholdersAgreement KwangsungCorporation