ZF Steering Gear India Ltd's subsidiaries allotted industrial land by MIDC

ZF Steering Gear (India) Limited had formed two Wholly Owned Subsidiaries to acquire Industrial Land. The Industrial Land has been allotted by the Maharashtra Industrial Development Corporation (MIDC), Nashik, in MIDC industrial area situated at Supa Parner Industrial Park, District Ahmednagar, Maharashtra to both the Wholly Owned Subsidiaries of the Company DriveSys Systems Private Limited and NexSteer Systems Private Limited.

Both the Companies have accepted terms and conditions for the proposed allotment and are in a process to complete formalities for acquisition of the industrial land.

Shares of Z.F.STEERING GEAR (INDIA) LTD. was last trading in BSE at Rs. 473.35 as compared to the previous close of Rs. 471.20. The total number of shares traded during the day was 765 in over 25 trades.

The stock hit an intraday high of Rs. 479.95 and intraday low of 460.05. The net turnover during the day was Rs. 360497.00.

Source : Equity Bulls

Keywords

ZFSTEERINGGEARINDIA INE116C01012 Subsidiaries IndustrialLand MIDC