RRIL LIMITED to acquire further shares of Raj Rajendra Industries Ltd

The Board of Directors of RRIL LIMITED (Formerly Known as S R K Industries Limited) at their meeting held today i.e. Saturday, January 09,2021, commenced at 4.00 p.m. and Concluded at 5.30 p.m., at the registered office of the Company, have considered and approved proposal to make further investment / acquisition of Raj Rajendra Industries Limited (Group Company engaged into Textile Manufacturing), subject to shareholders approval by way of acquiring upto 3255485 equity shares of Rs. 10 each equivalent to 38.30% of the issued and paid-up share capital of Raj Rajendra Industries Limited from its existing shareholders.

Shares of RRIL Limited (Formerly S R K INDUSTRIES LTD.) was last trading in BSE at Rs.10.17 as compared to the previous close of Rs. 9.98. The total number of shares traded during the day was 16049 in over 21 trades.

The stock hit an intraday high of Rs. 10.17 and intraday low of 10.17. The net turnover during the day was Rs. 163218.

Source : Equity Bulls

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