Palco Metals Ltd increases stake in Palco Recycle Industries Ltd

Palco Metals Limited ("the Company") has entered into the Share purchase Agreement with Shareholders of Subsidiary company Palco Recycle Industries Limited to raise the further stake in the Subsidiary company from existing 64.72 to 74.21%.

Consequently after completion of required formalities the stake of Palco Metals Limited in its subsidiary Palco Recycle Industries Limited to 74.21%.

Shares of Palco Metals Ltd was last trading in BSE at Rs. 188.95 as compared to the previous close of Rs. 190.15. The total number of shares traded during the day was 3458 in over 50 trades.

The stock hit an intraday high of Rs. 194.55 and intraday low of 185.00. The net turnover during the day was Rs. 656458.00.

Source : Equity Bulls

Keywords

PalcoMetals INE239L01013 StakeIncrease PalcoRecycleIndustries