ASI Industries Ltd approves stake sale in subsidiary

The Board of Directors of ASI Industries Ltd at its meeting held today i.e. on 15th June, 2022, subject to statutory and other necessary approvals, if any, approved the Sale of entire investment in Al Rawasi Rocks & Aggregate LLC, Fujairah, UAE, held by the Company and its Subsidiary ASI Global Limited, Mauritius, to M/s INJAZ CAPITAL INESTMENT LLC, Dubai, UAE as per the MOU signed between the parties.

Shares of ASI Industries Ltd was last trading in BSE at Rs. 13.00 as compared to the previous close of Rs. 13.08. The total number of shares traded during the day was 904 in over 15 trades.

The stock hit an intraday high of Rs. 13.50 and intraday low of 12.80. The net turnover during the day was Rs. 11921.00.

Source : Equity Bulls

Keywords

ASIIndustries INE443A01030 StakeSale Subsidiary