Garnet International Ltd acquires 81% stake in Whitewall India Pvt Ltd

Garnet International Limited has acquired equity shares of Whitewall India Private Limited (Investee Company) equivalent to 81% of issued and paid-up share capital of Investee Company under strategic investment.

Whitewall India Pvt. Ltd. was incorporated on 23 September 2015 having its registered office at Mumbai, India. Company is sole distributor of polymerized Drymix Mortars, which is manufactured by Mars Universal Private Limited, a technology invented in Europe which is the most advanced in the world today.

Shares of GARNET INTERNATIONAL LTD. was last trading in BSE at Rs. 61.12 as compared to the previous close of Rs. 60.06. The total number of shares traded during the day was 15668 in over 49 trades.

The stock hit an intraday high of Rs. 62.48 and intraday low of 59.52. The net turnover during the day was Rs. 951008.00.

Source : Equity Bulls

Keywords

GARNETINTERNATIONAL INE590B01010 Investment StakeAcquisition WhitewallIndia