Elango Industries Ltd board approves business plan

The Board of Directors of Elango Industries Ltd at its meeting today, i.e., Tuesday, July 20, 2021, considered and approved a business plan wherein the Board of Directors have identified an investor to infuse adequate capital to the group company (gas and coal based powerplants and solar power) belonging to the promoter group; which the Board foresees to takeover / merge with the listed entity in one year.

Shares of ELANGO INDUSTRIES LTD. was last trading in BSE at Rs. 8.25 as compared to the previous close of Rs. 7.86. The total number of shares traded during the day was 8371 in over 38 trades.

The stock hit an intraday high of Rs. 8.25 and intraday low of 8.25. The net turnover during the day was Rs. 69060.

Source : Equity Bulls

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