WPIL announces dilution of stake in South African subsidiary under BEE

In order to achieve the requisite score under Black Economic Empowerment (BEE) laws for enhanced business opportunities with State-owned Enterprises in South Africa, 31% shareholding in APE Pumps Pty Limited, held by WPIL SA Holdings Pty Limited (South African Subsidiary of WPIL Limited), has been agreed to be diluted to a BEE owned Company.

Shares of WPIL LTD. was last trading in BSE at Rs. 872.50 as compared to the previous close of Rs. 882.40. The total number of shares traded during the day was 16389 in over 677 trades.

The stock hit an intraday high of Rs. 889.90 and intraday low of 802.40. The net turnover during the day was Rs. 14001260.00.

Source : Equity Bulls

Keywords

WPIL INE765D01014 StakeDilution SouthAfricanSubsidiary BEE