Phoenix Lamps Division - Updates on restructuring

As a part of the restructuring Plan of "Phoenix Lamps Division (PLD)", the company has filed the necessary documents with the Federal Ministry of Justice, Germany for voluntary winding-up of Trifa Lamps Germany GmbH. The Federal Gazette, Federal Ministry of Justice, Germany has announced that the "Company is dissolved". However, the status of the Company will remain as "Trifa Lamps Germany GmbH in liquidation" till the completion of balance regulatory approvals as applicable in Germany. The entire process is expected to be completed in a year's time with no material write-downs expected.

Shares of Suprajit Engineering Limited was last trading in BSE at Rs. 355.50 as compared to the previous close of Rs. 359.30. The total number of shares traded during the day was 21866 in over 1444 trades.

The stock hit an intraday high of Rs. 364.10 and intraday low of 352.05. The net turnover during the day was Rs. 7800654.00.

Source : Equity Bulls

Keywords

SuprajitEngineering INE399C01030 PhoenixLampsDivision RestructuringPlan Update