Stock Report

Anjani Portland Cement Ltd enters into agreement with Bhavya Cements Pvt Ltd



Posted On : 2022-11-07 16:49:16( TIMEZONE : IST )

Anjani Portland Cement Ltd enters into agreement with Bhavya Cements Pvt Ltd

The Board of Directors of the Company at its meeting held today, November 7, 2022 have approved the proposal to enter into a Brand Sharing Agreement / Manufacturing License Agreement with Bhavya Cements Private Limited, Subsidiary Company. Through this agreement both Anjani Portland Cement Limited and Bhavya Cements Private Limited to grant a nonexclusive, non-transferable, non-assignable license, to each other, to manufacture, distribute, sell, offer to sell and / or promote each other's products solely in their respective market territory in accordance with terms and conditions of this agreement.

This arrangement will leverage both Anjani Portland Cement Limited and Bhavya Cements Private Limited to improve their efficiency in the production, supply and distribution of their products, increase reach and expanse of market for their products, reduce lead time for supply of their products from the manufacturer to the final customer, improve environment sustainability and to achieve synergy in business operations for benefit of their customers.

Shares of Anjani Portland Cement Limited was last trading in BSE at Rs. 219.50 as compared to the previous close of Rs. 217.15. The total number of shares traded during the day was 1428 in over 114 trades.

The stock hit an intraday high of Rs. 222.70 and intraday low of 216.65. The net turnover during the day was Rs. 313819.00.

Source : Equity Bulls

Keywords

AnjaniPortlandCement INE071F01012 APCL BhavyaCements BrandSharingAgreement ManufacturingLicenseAgreement