Bhagyanagar India Ltd approves transfer of copper business

Subject to receipt of requisite approvals, the Board of Directors of BHAGYANAGAR INDIA LIMITED at its meeting held today, 25th August 2023 approved the transfer of Copper Business of the Company on a going concern basis, to its wholly owned subsidiary viz. Bhagyanagar Copper Private Limited by way of slump sale through business transfer agreement or slump sale agreement to be executed between the Company and its wholly owned subsidiary.

The Board of Directors of the Company also approved the proposal of overseas investment in a Company to be incorporated in Sri Lanka either by way of Equity or Loan or both.

Shares of Bhagyanagar India Limited was last trading in BSE at Rs. 65.86 as compared to the previous close of Rs. 68.08. The total number of shares traded during the day was 11839 in over 210 trades.

The stock hit an intraday high of Rs. 68.98 and intraday low of 65.70. The net turnover during the day was Rs. 788037.00.

Source : Equity Bulls

Keywords

BhagyanagarIndia INE458B01036 CopperBusiness SlumpSale