Solar Industries India Ltd to invest in subsidiaries

The Board of Solar Industries India Limited in their meeting held on June 6,2022 has discussed and decided to do a strategic investment along with its Subsidiaries in Rajasthan Explosives and Chemicals Limited, for the expansion of its manufacturing footprints in north India and has signed a non-binding term sheet in this regards.

Rajasthan Explosives and Chemicals Limited has its registered office in Delhi and its manufacturing facility is at Dholpur (Rajasthan).

Shares of Solar Industries India Limited was last trading in BSE at Rs. 2797.40 as compared to the previous close of Rs. 2619.70. The total number of shares traded during the day was 7950 in over 2339 trades.

The stock hit an intraday high of Rs. 2840.95 and intraday low of 2618.00. The net turnover during the day was Rs. 21926788.00.

Source : Equity Bulls

Keywords

SolarIndustriesIndia INE343H01029 RajasthanExplosivesandChemicals StrategicInvestment