UFLEX Ltd has entered into an Agreement to disinvest its 82% stake in Utech Developers Limited, a wholly owned subsidiary of the Company, which was expected to be completed by the end of October, 2019.
The Company has completed the sale of its 82% stake in Utech Developers Limited on 03rd October, 2019. Consequently, Utech Developers Limited has ceased to be subsidiary of the Company. Further, SD Buildwell Private Limited, being wholly owned subsidiary of Utech Developers Limited has also ceased to be the step down subsidiary of the Company.
Shares of UFLEX LTD. was last trading in BSE at Rs.212 as compared to the previous close of Rs. 209.6. The total number of shares traded during the day was 20317 in over 1108 trades.
The stock hit an intraday high of Rs. 213.95 and intraday low of 208.65. The net turnover during the day was Rs. 4276401.