Satia Industries Ltd to bid for BILT

The Board of directors of Satia Industries Ltd in its meeting held today i.e. December 21, considered, approved and authorized Dr Ajay Satia, Chairman Cum Managing Director to make the bid for acquisition of Ballarpur Industries Limited which is under Corporate Insolvency Resolution Process (CIRP).

The board authorized Dr Ajay Satia CMD and Sh Rajinder Kumar Bhandari, Joint Managing Director to negotiate and issue the appointment letter to Price Waterhouse Cooper private limited (PWC) as advisor to assist the Company for acquisition of Ballarpur Industries Limited under (CIRP).

Shares of Satia Industries Ltd was last trading in BSE at Rs.94.75 as compared to the previous close of Rs. 95.3. The total number of shares traded during the day was 5563 in over 229 trades.

The stock hit an intraday high of Rs. 99 and intraday low of 93.3. The net turnover during the day was Rs. 528761.

Source : Equity Bulls

Keywords