In its regulatory filing, AIA said that "though it is not specific to our Company or Country, as a prudent practice, we would like to inform the Stock Exchanges about its likely impact on the Company's business pursuant to Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements), Regulation 2015."
AIA highlighted that the company through its overseas subsidiary, VEGA RSA Pty LTD, has sold approx. 4200 MT of Grinding Media in South Africa during the current Financial Year.
At around 3.12 pm, AIA is trading at Rs2008.80 per piece down by 0.7% on Sensex. The stock has touched an intraday high and low of Rs2034.45 per piece and Rs1991 per piece respectively.