Bansal Wire Industries Ltd approves inter corporate loan of Rs. 65 crore

The Board of Directors of Bansal Wire Industries Limited ("the Company") at its Meeting held today, i.e., December 17, 2024 commenced at 0 1.00 p.m. and concluded at 01:55 p.m. has approved the inter corporate loan of Rs. 65.00 crore in one or more tranches to BWI Steel Private Limited (Wholly-Owned Subsidiary). The amount of this inter corporate loan will be utilized by Wholly Owned Subsidiary Company for the purchase of Land and development and other ancillary purpose thereof.

Shares of Bansal Wire Industries Limited was last trading in BSE at Rs. 469.05 as compared to the previous close of Rs. 460.65. The total number of shares traded during the day was 1973 in over 205 trades.

The stock hit an intraday high of Rs. 471.50 and intraday low of 460.00. The net turnover during the day was Rs. 922424.00.

Source : Equity Bulls

Keywords

BansalWireIndustries IronandSteelProducts INE0B9K01025 InterCorporateLoan BWISteel Subsidiary