SAT Industries Ltd to make further investment in Aeroflex Finance Pvt Ltd

SAT Industries Ltd has decided to make further Investment of Rs. 5 Crores (Rupees Five Crores only) in Aeroflex Finance Private Limited, Wholly Owned Subsidiary Company, for development of technology-based lending platform to create fintech solutions for leveraging technology to offer innovative financial products and services.

The subsidiary is engaged in the business of financing activities, including providing loans and advances to MSMEs for their working capital and expansion-related requirements. It also provides consumer loans, loans for cducation (primary, secondary and higher education and skill development), and loans to corporations & firms.

Shares of SAT INDUSTRIES LTD. was last trading in BSE at Rs. 56.42 as compared to the previous close of Rs. 56.08. The total number of shares traded during the day was 15362 in over 303 trades.

The stock hit an intraday high of Rs. 57.20 and intraday low of 55.05. The net turnover during the day was Rs. 865823.00.

Source : Equity Bulls

Keywords

SATINDUSTRIES INE065D01027 Investment AeroflexFinance