Stock Report

Tide Water Oil India forms 100% subsidiary in Dubai, UAE



Posted On : 2012-01-25 00:37:13( TIMEZONE : IST )

Tide Water Oil India forms 100% subsidiary in Dubai, UAE

On January 15, 2012, Veedol International DMCC, being a subsidiary of Tide Water Oil Company (India) Limited (TWO), has been incorporated in the DMCC Free Trade Zone of Dubai, UAE. The paid up share capital of Veedol International DMCC consists of 50 shares of AED 1,000 each, 100% whereof is held by TWO.

The Tide Water Oil (India) Ltd stock was trading at Rs.6822, up by Rs.37.70 or 0.56%. The stock hit an intraday high of Rs.6898 and low of Rs.6725.

The total traded quantity was 836 compared to 2 week average of 2093.

Source : Equity Bulls

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