Sellwin Traders Ltd to invest Rs. 20 crores in Shah Metacorp Ltd

Sellwin Traders Ltd has decided to invest approximately 20 crores rupees in Shah Metacorp Ltd (BSE & NSE Listed Company) over the next two years. This strategic investment aligns with our long-term growth strategy and aims to capitalize on the promising opportunities in the metals industry.

We want to assure you that this investment is well within the prescribed limits of the Companies Act and our internal investment guidelines. Our decision has been carefully evaluated and is in line with our risk management framework and financial policies.

Shah Metacorp Ltd is a renowned player in the metal sector, known for its strong operational capabilities, innovative products, and sustainable business practices. With a robust track record of delivering value to its stakeholders, Shah Metacorp Ltd presents a compelling investment opportunity for our company.

The investment will be utilized to support Shah Metacorp Ltd's expansion initiatives, enhance production capacities, strengthen research and development capabilities, and explore new market segments. By partnering with Shah Metacorp Ltd, we aim to leverage synergies, drive operational efficiencies, and create value for our shareholders.

We are confident that this investment will contribute positively to our company's financial performance and long-term sustainability. We will keep you updated on the progress and outcomes of this investment as we move forward.

Shares of Sellwin Traders Ltd was last trading in BSE at Rs. 16.27 as compared to the previous close of Rs. 15.79. The total number of shares traded during the day was 181784 in over 105 trades.

The stock hit an intraday high of Rs. 16.57 and intraday low of 15.10. The net turnover during the day was Rs. 2940436.00.

Source : Equity Bulls

Keywords

SellwinTraders INE195F01019 Investment ShahMetacorp