Maithan Alloys Ltd to purchase 10 lakh shares of NSE

Maithan Alloys Limited has entered into an Agreement for purchase of 10 Lakh Equity shares of National Stock Exchange of India Limited today i.e. 26e December, 2023.

The shares are proposed to be acquired through secondary market purchase and shall form part ofcurent investment of the Maithan Alloys Limited with view to reap the longtenn/short-term investment benefits.

The proposed Cost of acquisition is Rs. 324.00 Crore.

NSE is involved in operating trading platforms for equities, derivatives, and other financial instruments. It is a leading Stock Exchange in India and has a dominant position with market share by Total turnover of 93% in equity cash trading, 99% in equity futures and options trading and 71% in currency futures and 99% in currency options trading for Q2FY24.

Shares of Maithan Alloys Limited was last trading in BSE at Rs. 1155.45 as compared to the previous close of Rs. 1151.05. The total number of shares traded during the day was 8375 in over 923 trades.

The stock hit an intraday high of Rs. 1185.80 and intraday low of 1150.90. The net turnover during the day was Rs. 9782726.00.

Source : Equity Bulls

Keywords

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