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The latest update is out from Remsons Industries Limited ( (IN:REMSONSIND) ).
Remsons Industries Limited has announced the acquisition of a 51.01% stake in Astro Motors Private Limited. The company has filed applications with BSE and NSE for approval to issue and allot equity shares on a preferential basis to Astro Motors’ existing promoters. A revised valuation report has been issued, adjusting the weighted average fair value of the company’s shares to Rs. 131.46 from Rs. 124.53, though the issue price remains unchanged at Rs. 132 per share.
More about Remsons Industries Limited
Average Trading Volume: 59,516
Technical Sentiment Signal: Sell
Current Market Cap: 4.32B INR
See more data about REMSONSIND stock on TipRanks’ Stock Analysis page.