V-Guard Industries Ltd forms V-Guard Consumer Products Limited

V-Guard Consumer Products Limited (VCPL), Wholly Owned Subsidiary (WOS), of V-Guard Industries Limited is incorporated and it has allotted 1,00,000 equity shares of Rs.10/- each, which was subscribed by the Company. Further, the Board in its meeting held on July 30, 2021 proposed to invest in the securities of WOS to the extent of Rs. 100 crs in phased manner.

The Board in its meeting decided to extend Corporate Guarantee to VCPL for availing of credit facilities for a limit not exceeding Rs. 50 crs from financial institutions / banks to meet its operational requirements.

Shares of V-GUARD INDUSTRIES LTD. was last trading in BSE at Rs. 249.25 as compared to the previous close of Rs. 248.7. The total number of shares traded during the day was 79346 in over 1945 trades.

The stock hit an intraday high of Rs. 256.35 and intraday low of 247.45. The net turnover during the day was Rs. 19984322.

Source : Equity Bulls

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