Stock Report

Sahyadri Industries Ltd to partner in 4S Bappa Sports LLP



Posted On : 2023-06-16 22:21:26( TIMEZONE : IST )

Sahyadri Industries Ltd to partner in 4S Bappa Sports LLP

The Board of Directors of Sahyadri Industries Ltd in their meeting held on Friday, 16th June 2023 have given consent to become partner in 4S BAPPA SPORTS LLP with a capital infusion of Rs.14,815 i.e. 14.81%. 4S BAPPA SPORTS LLP is the Owner of Puneri Bappa, a cricket team in Maharashtra Premier League (MPL). The consent of the Board of Directors was also accorded to invest in the said LLP, Rs. 80,00,000 (Rupees Eighty Lacs) per annum over a period of three years amounting to Rs. 2.40 crores (Rupees Two crores Forty Lacs) which is approximately 0.13% of the turnover of the Company.

Shares of SAHYADRI INDUSTRIES LTD. was last trading in BSE at Rs. 418.45 as compared to the previous close of Rs. 412.65. The total number of shares traded during the day was 2303 in over 347 trades.

The stock hit an intraday high of Rs. 427.30 and intraday low of 402.75. The net turnover during the day was Rs. 950492.00.

Source : Equity Bulls

Keywords

SAHYADRIINDUSTRIES INE280H01015 Investment 4SBappaSportsLLP PuneriBappa MPL MaharashtraPremierLeague