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Visaka Industries Ltd. ( (IN:VISAKAIND) ) has provided an announcement.
Visaka Industries Ltd. has received a favorable ruling from the Commercial Court in Hyderabad regarding its legal dispute with the Hyderabad Cricket Association (HCA). The court has ordered HCA to deposit ₹68.73 crores, as awarded by an Arbitral Tribunal, into the court’s bank account. If HCA fails to comply, Canara Bank, as the garnishee, will be responsible for transferring the amount within three weeks. This development is expected to positively impact Visaka Industries’ financials, enhancing its operational stability.
More about Visaka Industries Ltd.
Visaka Industries Ltd. operates in the manufacturing sector, primarily focusing on producing building materials and textiles. The company is known for its innovative solutions in the construction industry, providing products such as cement sheets and synthetic yarns, catering to both domestic and international markets.
Average Trading Volume: 11,425
Technical Sentiment Signal: Sell
Current Market Cap: 5.85B INR
Find detailed analytics on VISAKAIND stock on TipRanks’ Stock Analysis page.