Gallantt Ispat board meeting on Sept 29 to consider disposal of 2 subsidiaries

India Infoline News Service | Mumbai | September 23, 201612:04 IST

The company to consider and approve the disposal of Shree Surabhi Wheat Products Private Limited (subsidiary of the company).

Stock Exchange
Gallantt Ispat Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 29, 2016, inter alia, to transact the following important business:

1. To consider and approve the disposal of Shree Surabhi Wheat Products Private Limited (Subsidiary of the Company).

2. To consider and approve the disposal of Shree Surabhi Flour Mills Private Limited (Subsidiary of the Company).

Further, as per the Company's Code of Conduct for Prohibition of Insider Trading, the trading window for dealing in the securities of the Company will be closed for all directors / officers / designated employees of the Company from September 23, 2016 to October 01, 2016 (both days inclusive).

Gallantt Ispat Ltd is currently trading at Rs. 550.25, down by Rs. 4.7 or 0.85% from its previous closing of Rs. 554.95 on the BSE.

The scrip opened at Rs. 551.9 and has touched a high and low of Rs. 557.65 and Rs. 549.6 respectively. So far 12724(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1566.96 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 690 on 24-May-2016 and a 52 week low of Rs. 368 on 08-Mar-2016. Last one week high and low of the scrip stood at Rs. 625 and Rs. 553.1 respectively.

The promoters holding in the company stood at 62.59 % while Institutions and Non-Institutions held 0.01 % and 37.41 % respectively.

The stock is currently trading below its 50 DMA.

***Note: This is a NSE Chart

 

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