Anjani Portland Cement's stake in Bhavya Cements increases to 99.08%

Pursuant to purchase of additional 228518 equity shares of M/s. Bhavya Cements Private Limited, a subsidiary of Anjani Portland Cement Limited, being 0.16% of its paid-up equity shares capital, from its existing shareholders and pursuant to the completion of the Buyback offer given by M/s. Bhavya Cements Private Limited, the shareholding percentage of the Company in M/s. Bhavya Cements Private Limited has been increased from 93.53% to 99.08%.

The Company did not participate in the Buyback offer given by M/s. Bhavya Cements Private Limited, considering the fact that it will be beneficial to the Company to increase its percentage of shareholding in M/s. Bhavya Cements Private Limited, after completion of buyback process.

Shares of Anjani Portland Cement Limited was last trading in BSE at Rs. 237.25 as compared to the previous close of Rs. 246.40. The total number of shares traded during the day was 2800 in over 236 trades.

The stock hit an intraday high of Rs. 247.80 and intraday low of 236.00. The net turnover during the day was Rs. 672298.00.

Source : Equity Bulls

Keywords

AnjaniPortlandCement INE071F01012 StakeIncrease BhavyaCements