Kirloskar Electric Company Ltd sells non-core asset for Rs. 3 crore

Kirloskar Electric Company Limited has executed a Sale Deed effecting the sale of the Company's non-core asset situated at Punjgutta, Hyderabad for a consideration of Rs. 3,00,00,000/- (Rupees Three crores only).

The buyer, M/s. Shree Enterprises represented by its proprietor Sri. Y. Nanda Kumar Yadav, is a third-party buyer who does not belong to the Promoter/ Promoter Group / Group companies and the transaction does not fall under the ambit of Related Party Transactions.

Shares of Kirloskar Electric Company Limited was last trading in BSE at Rs. 24.50 as compared to the previous close of Rs. 23.50. The total number of shares traded during the day was 37040 in over 317 trades.

The stock hit an intraday high of Rs. 24.65 and intraday low of 23.25. The net turnover during the day was Rs. 899906.00.

Source : Equity Bulls

Keywords

KirloskarElectricCompany INE134B01017 AssetSale Hyderabad