Worldwide Leather clarifies on news regarding IT Park Plans

Worldwide Leather Exports Ltd has clarified as under with reference to the news item appearing in a leading financial daily titled "Worldwide Leather rides on IT park plans wave":

1. The land area in the manufacturing unit is approximately 6000 square yards.

2. The Company do want to unlock this prime land to be put to better use, IT Park being one of the options.

3. The Company has asked some brokers to get it good offers for an outright sale or a JV.

4. The whole thought process is in the vary initial stage.

5. If something materlizes, the existing manufacturing unit will be relocated.

The stock closed the day at Rs.28.25, up by Rs.2.55 or 9.92%. The total traded quantity was 35687 compared to 2 week average of 19310.

The stock hit an intraday high of Rs.28.25 and low of Rs.27.40.

Source : Equity Bulls

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