The Disinvestment Committee of Arihant Superstructures Ltd had decided to disinvest 4,300 equity shares in its Associate Company, Arihant Technoinfra Private Limited. The said disinvestment was subject to the approval of the Board of Directors of Arihant Technoinfra Private Limited.
The Board of Directors of Arihant Technoinfra Private Limited in its Board Meeting held on 17th March, 2017 at 4:00 P.M. has granted their approval and have transferred the shares in the name of Mr. Varaprasad Atluri. After the said transfer the holding of the company has been reduced from 48% to 5%. Therefore, Arihant Technoinfra Private Limited ceases to be a Associate of the Company w.e.f. 17th March, 2017.
Shares of Arihant Superstructures Limited was last trading in BSE at Rs.114 as compared to the previous close of Rs. 114.35. The total number of shares traded during the day was 237138 in over 267 trades.
The stock hit an intraday high of Rs. 117 and intraday low of 113. The net turnover during the day was Rs. 27213664.