Saboo Sodium Chloro Ltd to sell asset for debt reduction

Saboo Sodium Chloro Ltd has proposed sale of unutilized asset in Gandhidham, Gujarat. The company is currently in active negotiations with few financially sound interested buyers and the deal is likely to be completed by mid April. The sale of asset will result in significant debt reduction of the company.

Shares of SABOO SODIUM CHLORO LTD. was last trading in BSE at Rs. 16.96 as compared to the previous close of Rs. 16.47. The total number of shares traded during the day was 46621 in over 249 trades.

The stock hit an intraday high of Rs. 17.48 and intraday low of 16.10. The net turnover during the day was Rs. 791553.00.

Source : Equity Bulls

Keywords

SABOOSODIUMCHLORO INE440C01016 AssetSale DebtReduction