Donear Industries Limited to buy synthetics fabric business of RSWM Ltd

Donear Industries Limited ("Buyer") have entered into an Agreement for the purchase of Current Assets, Intangible Assets including Distribution Network, Ancillary Assets and Trade Receivables of Synthetics Fabric Business of RSWM Limited ("Seller") on August 28, 2021.

The aforesaid Agreement has been approved by the Board of Directors at its meeting held on August 27, 2021.

Shares of Donear Industries Ltd was last trading in BSE at Rs. 56.5 as compared to the previous close of Rs. 54.75. The total number of shares traded during the day was 6380 in over 158 trades.

The stock hit an intraday high of Rs. 56.5 and intraday low of 53.85. The net turnover during the day was Rs. 355413.

Shares of RSWM Limited was last trading in BSE at Rs. 310.4 as compared to the previous close of Rs. 310.2. The total number of shares traded during the day was 1987 in over 319 trades.

The stock hit an intraday high of Rs. 316.35 and intraday low of 306. The net turnover during the day was Rs. 617812.

Source : Equity Bulls

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