2025-03-29 00:44:10
Latest Post
Unifinz Capital India Limited declares interim dividend of Rs. 0.50
Suprajit Completes Second Tranche of SCS Acquisition
Ceigall Ayodhya Bypass Pvt Ltd receives appointed date from NHAI
Lemon Tree Hotels signs a new property in Maharashtra
Karur Vysya Bank inaugurates 4 new branches today, 3 in TN and 1 in AP
Stock Report
Kross Limited approves acquisition of land from JIADA
Posted On : 2024-12-04 18:21:30( TIMEZONE : IST )
The Board of Directors of Kross Limited, at its meeting held today i.e. 04th December, 2024 has approved the acquisition of Industrial land from Jharkhand Industrial Area Development Authority (JIADA) having area measuring 6.56 acre situated at Plot Nos E-29, E-30, E-31(P), E-32 in Electronic Manufacturing Cluster (EMC) at near 7th Phase of Adityapur Industrial Area of District - Saraikela Kharsawan in Jharkhand.
Under the terms of the public notification no 3573/Ranchi dated 06.10.2017 issued by the JIADA, Jharkhand, any allotment of land in the EMC area of JIADA will have to be acquired by contributing to the equity shares in the Special Purpose Vehicle (SPV) namely Adityapur Electronic Manufacturing Cluster Limited set up under the scheme of EMC of Government of India.
In reference to the above notification the Company will have to subscribe for 4,39,159 (10.6% of the present equity) equity shares @ Rs.100/- each of Adityapur Electronic Manufacturing Cluster Limited (State Government Company) for a total consideration of INR 4,93,15,900/- (Rupees Four Crore Ninety-Three Lakh Fifteen Thousand Nine Hundred Only) for getting the allotment of Industrial Land in EMC. The Company will use the land for future expansion plans.
Adityapur Electronic Manufacturing Cluster Limited is a Special Purpose Vehicle (SPV) set up under the scheme of Electronic Manufacturing Cluster Scheme of Government of India under the Ministry of Information and Technology (MeitY). The Company as SPV promoted by JIADA is set up as a special purpose vehicle for the purpose of developing infrastructures of Greenfield Electronic manufacturing Cluster and to maintain the infrastructure for Electronic manufacturing industries in EMC, Adityapur and any other parts of Jharkhand and improve the international competitiveness of electronic manufacturing Industries to be established in Electronic manufacturing cluster by providing and improving Quality infrastructure.
Shares of Kross Limited was last trading in BSE at Rs. 233.20 as compared to the previous close of Rs. 238.85. The total number of shares traded during the day was 250018 in over 3646 trades.
The stock hit an intraday high of Rs. 245.80 and intraday low of 231.05. The net turnover during the day was Rs. 59269231.00.
