Rane Holdings Ltd (RHL) has announced regarding divestment of Equity stake in M/s. SasMos HET Technologies Limited (SasMos). The sale transaction has been completed with the closing date as March 16, 2017. Consequently, the Company has exited SasMos with effect from March 16,2017.
During 2015-16 a profit of Rs.1.12 Crores was contributed by SasMos representing 1.71% of the consolidated profit of RHL.
The company received a consideration of Rs. 43.50 crores from the sale. The buyer was Lumipol International, B.V. The Netherlands.
Shares of RANE HOLDINGS LTD. was last trading in BSE at Rs.948.7 as compared to the previous close of Rs. 943.95. The total number of shares traded during the day was 1820 in over 202 trades.
The stock hit an intraday high of Rs. 982.95 and intraday low of 928.05. The net turnover during the day was Rs. 1747137.