Mercury EV-Tech Ltd enters into MoU with Hydrogen Horizons Ltd

Mercury EV-Tech Limited (hereinafter referred as 'the Company/ Mercury group') has entered into Memorandum of Understanding with Hydrogen Horizons Ltd ("HHL") (Registered in United Kingdom) and Hydrogen Horizons Israel Ltd ("HHIL") on Tuesday, February 27, 2024.

HHIL and HHL and Mercury Group agree to form a joint venture to develop and manufacture a patented product of a hydrogen vessel ref US 8628 609 B to commercialize the Hydra Pak product.

Mercury Ev-Tech Limited and HHL will acquire in ratio of 60:40 in the new entity (to be incorporated).

Shares of Mercury EV-Tech Limited was last trading in BSE at Rs. 85.64 as compared to the previous close of Rs. 87.95. The total number of shares traded during the day was 472841 in over 1523 trades.

The stock hit an intraday high of Rs. 87.95 and intraday low of 83.72. The net turnover during the day was Rs. 40425128.00.

Source : Equity Bulls

Keywords

MercuryEVTech INE763M01028 MoU HydrogenHorizons