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Competent Automobiles Company Ltd approves purchase of property for Rs. 52 crore

Posted On: 2019-03-08 17:34:46

The Board of Directors of Competent Automobiles Company Ltd has, subject to the approval of members, approved the purchase of property bearing no. 25, Block A, at Industrial Colony known as Infocity, Sector 33 & 34, Gurugram, Haryana - 122001 at a cost of Rs. 52,00,00,000/- (Rupees Fifty Two Crores only) from Mr. Raj Chopra, promoter of the Company.

The Board has decided to seek approval of the members of the Company by following the postal ballot process as provided under section 110 of the Companies Act, 2013 and the rules framed thereunder. The cut-off date to ascertain the list of members who are eligible to take part in the e-voting and postal ballot has been decided to be March 08, 2019.

Shares of COMPETENT AUTOMOBILES CO.LTD. was last trading in BSE at Rs.183 as compared to the previous close of Rs. 186.5. The total number of shares traded during the day was 418 in over 14 trades.

The stock hit an intraday high of Rs. 185 and intraday low of 183. The net turnover during the day was Rs. 76997.


Source: Equity Bulls

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