Gujarat Apollo Industries subsidiary AEML purchases 4.87% shares of Dangee Dums

AEML Investments and DDL entered into Share Purchase Agreement on Tuesday for purchase of 4,90,000 shares at an average price of Rs,125.95.

Dec 16, 2020 11:12 IST India Infoline News Service

Gujarat Apollo Industries Limited informed the exchanges Tuesday that its material subsidiary AEML Investments Limited (formerly known as Apollo Earthmovers Limited) has entered into a Share Purchase Agreement on  December 15, 2020 with Dangee Dums Limited (DDL) for purchase of shares upto 4.87% of issued and paid up capital of DDL.

Accordingly, AEML has purchased 4,90,000 shares of DDL at an average price of Rs,125.95 (plus levies, brokerage and applicable taxes).

At around 11.57 am, Gujarat Apollo Industries Ltd was trading at Rs199.80 per piece down by Rs0.5 or 0.25% from its previous closing of Rs200.30 per piece on the BSE.

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