Duroply Industries Ltd completes sale of Tea Division

Duroply Industries Ltd had earlier announced the disposal of Company's tea processing business ("Tea Division") through a slump sale on a going concern basis to Teloijan Techno Agro Limited ("Teloijan") as per the terms and conditions of the Business Transfer Agreement on September 24,2020.

Today, the Company has completed the sale of its Tea Division to the Teloijan group in terms of the agreement as entered with them. The Company and the Teloijan group will work towards completing necessary formalities and processes consequent to the sale of the Tea Division.

Shares of Duroply Industries Ltd was last trading in BSE at Rs.54.85 as compared to the previous close of Rs. 53.75. The total number of shares traded during the day was 2333 in over 25 trades.

The stock hit an intraday high of Rs. 57.8 and intraday low of 48.4. The net turnover during the day was Rs. 125668.

Source : Equity Bulls

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