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Mayur Uniquoters Ltd invests in South African subsidiary

Posted On: 2019-10-22 12:59:51

Mayur Uniquoters Limited has invested in the Mayur Uniquoters SA (Pty) Ltd newly incorporated in Republic of South Africa by way purchase of 10,000 shares @ ZAR 1 each i.e. ZAR 10,000 equivalent to 100.00% paid up capital of the Mayur Uniquoters SA (Pty) Ltd. Post Completion of this purchase of shares, Mayur Uniquoters SA (Pty) Ltd will become Wholly Owned Subsidiary of Mayur Uniquoters Limited.

This investment is for the Expansion of the business in retail and wholesale market in South Africa. After acquisition of 10,000 shares, Target Company will become the Wholly Owned Subsidiary Company of Mayur Uniquoters Limited.

Shares of MAYUR UNIQUOTERS LTD. was last trading in BSE at Rs.226.3 as compared to the previous close of Rs. 216.4. The total number of shares traded during the day was 8790 in over 328 trades.

The stock hit an intraday high of Rs. 236.35 and intraday low of 216.5. The net turnover during the day was Rs. 1942889.


Source: Equity Bulls

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