Numeric Power Systems to take over Amex Alloys Pvt. Ltd.

Numeric Power Systems Ltd has announced that the Company has entered into a Memorandum of Understanding on December 05, 2010, with the majority stakeholders of M/s. Amex Alloys Pvt. Ltd., Coimbatore for acquisition of Equity Shares upto 92% and to take over the Management Control of M/s. Amex Alloys Pvt. Ltd.

The stock closed the day at Rs.303.05, down by Rs.1.85 or 0.61%. The stock hit an intraday high of Rs.313 and low of Rs.301.

The total traded quantity was 1288 compared to 2 week average of 2674.

Source : Equity Bulls

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