Tips Industries Ltd board to explore demerger of film business

A Meeting of the Board of Directors of Tips Industries Ltd is scheduled to be held on Tuesday, January 5, 2021 to explore demerger of the film business and consider any other matters incidental thereto including appointment of intermediaries like independent valuer, merchant banker for fairness opinion, etc.

The trading window for the dealing in the securities of the Company would continue to remain closed from January 1, 2021 till 48 hours after the closure of Board Meeting, where quarterly Unaudited Financial Results for the period ending December 31, 2020 are approved. (both days inclusive).

Shares of TIPS INDUSTRIES LTD. was last trading in BSE at Rs.318.2 as compared to the previous close of Rs. 328. The total number of shares traded during the day was 6350 in over 519 trades.

The stock hit an intraday high of Rs. 330.2 and intraday low of 315. The net turnover during the day was Rs. 2035014.

Source : Equity Bulls

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