Atul Auto Ltd invests in Atul Greentech Pvt Ltd

Atul Auto Limited has invested Rs.19,99,98,560/- (Rupees Nineteen crore ninety-nine lakh ninety-eight thousand five hundred and sixty only) by way of subscription in the equity share capital of its subsidiary namely Atul Greentech Private Limited (hereinafter referred as 'AGPL'), on right basis. The said shares have been allotted on March 06, 2024.

With this investment, the total investment made by the Company in AGPL stands to Rs.29.99 crore. The Company owns 80% stake in AGPL. There is no change in the shareholding percentage of the Company in AGPL pursuant to such an acquisition.

Atul Greentech Private Limited (hereinafter referred as 'AGPL') Subsidiary of Atul Auto Limited was incorporated on 28th January 2020 and AGPL is in the business of electric three wheelers as well as electric vehicle spares and parts including battery packs, battery management system, battery charger etc. for the purpose of L5 Category electric vehicles of Atul Auto Limited and various other applications and electric motor vehicles.

Shares of Atul Auto Limited was last trading in BSE at Rs. 521.70 as compared to the previous close of Rs. 535.85. The total number of shares traded during the day was 17865 in over 952 trades.

The stock hit an intraday high of Rs. 537.00 and intraday low of 513.70. The net turnover during the day was Rs. 9312886.00.

Source : Equity Bulls

Keywords

AtulAuto INE951D01028 Investment AtulGreentech