W S Industries India Ltd approves related party transaction to acquire further land

The Board of Directors of W.S. Industries (India) Limited at its meeting held today to review the operations of the Company, general corporate matters, approved the omnibus approval for the Related Party Transaction and execution of Memorandum of Understanding by the Company with its wholly owned subsidiary M/s.WSI-P&C Verticals Private Limited, for providing advance not exceeding Rs.100,00,00,000/- (Rupees One Hundred Crores only) in one or more tranches as a part of aggregation of contiguous lands by way of purchase/acquisition of lands adjacent to our land of 254 acres situated at No. 34, Sandavellur Village, Sriperumbudur Taluk, Kancheepuram District of Tamilnadu.

Shares of W S Industries (I) Limited was last trading in BSE at Rs. 124.70 as compared to the previous close of Rs. 121.80. The total number of shares traded during the day was 44851 in over 1144 trades.

The stock hit an intraday high of Rs. 129.75 and intraday low of 118.25. The net turnover during the day was Rs. 5505196.00.

Source : Equity Bulls

Keywords

WSIndustries INE100D01014 LandAggregation