Roto Pumps Ltd board approves investment in German subsidiary

The Board of Directors of Roto Pumps Ltd at its meeting held on August 13, 2021 have approved further investment upto Euro 500,000 as a further share capital in Roto Pumpen Gmbh, a whally owned subsidiary in Germany.

The board also approved investment upto Rs. 445.00 lakhs as a further Share capital in Roto Energy Systems Ltd, a wholly owned subsidiary in India in one or more tranches from time to time.

Shares of Roto Pumps Ltd. was last trading in BSE at Rs. 230 as compared to the previous close of Rs. 227.35. The total number of shares traded during the day was 27325 in over 282 trades.

The stock hit an intraday high of Rs. 233.95 and intraday low of 225. The net turnover during the day was Rs. 6265479.

Source : Equity Bulls

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