Asahi Songwon Colors Limited has signed a Joint Venture Cum Shareholders Agreement with Tennants Textile Colours Limited, London for setting up a manufacturing facility for AZO Pigments in India at Dahej, Bhrauch, Gujarat.
Asahi Songwon Colors Limited (ASCL) will hold 51% of total Equity Share Capital of the proposed Joint Venture Company. Tennants Textile Colours Limited (TTC) will hold 49% of total Equity Share Capital of the proposed Joint Venture Company.
Shares of ASAHI SONGWON COLORS LTD. was last trading in BSE at Rs.148.75 as compared to the previous close of Rs. 137.75. The total number of shares traded during the day was 2870 in over 196 trades.
The stock hit an intraday high of Rs. 153.25 and intraday low of 140. The net turnover during the day was Rs. 432131.