Bombay Cycle & Motor Agency Ltd announces investment of Rs. 4.5 crore

Bombay Cycle & Motor Agency Ltd has made investment of Rs. 4.5/- Cr (Rupees Fore Crore Fifty Lakhs Only) and acquired 50% stake in the total paid-up equity share capital of M/ s. Walchand Sun Advanced Composites Private Limited.

The company is into manufacture and supply critical sub assemblies of Missiles and Space launch vehicles using composites materials.

Shares of BOMBAY CYCLE & MOTOR AGENCY LTD. was last trading in BSE at Rs. 598.90 as compared to the previous close of Rs. 573.35. The total number of shares traded during the day was 1 in over 1 trades.

The stock hit an intraday high of Rs. 598.90 and intraday low of 598.90. The net turnover during the day was Rs. 598.00.

Source : Equity Bulls

Keywords

BOMBAYCYCLEandMOTORAGENCY INE691K01017 Investment WalchandSunAdvancedComposites