S Chand And Company Ltd approves sale of stake in subsidiary

The Board of Directors of S Chand And Company Limited at its meeting held on November 30, 2022 approved to sale the entire stake (i.e. 6.05% on fully diluted basis) held by the Company together with its wholly owned subsidiaries namely, Vikas Publishing House Private Limited and Chhaya Prakashani Limited in iNeuron Intelligence Private Limited ("iNeuron"). The Company has entered into a non-binding term sheet with a prospective buyer for selling this entire stake.

Shares of S Chand And Company Limited was last trading in BSE at Rs. 195.80 as compared to the previous close of Rs. 190.50. The total number of shares traded during the day was 40617 in over 1263 trades.

The stock hit an intraday high of Rs. 201.35 and intraday low of 189.95. The net turnover during the day was Rs. 8076345.00.

Source : Equity Bulls

Keywords

SChandAndCompany INE807K01035 Publishing StakeSale Subsidiaries