Poddar Developers sold investments of three subsidiaries

The stock has hit a high of Rs. 1,129 and a low of Rs. 1,103 on BSE today.

Sep 24, 2015 07:09 IST India Infoline News Service

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Poddar Developers has sold the Investments in three subsidiaries of the Company i.e. Poddar Natural Resources and Ores Limited, Poddar Infrastructure Private Limited and Poddar Leisure Infrastructure Private Limited at par on September 24, 2015 as approved by the Board of Directors at their meeting held on August 11, 2015.

Further, the all three Companies will no longer be subsidiaries of the Company w.e.f. September 24, 2015.

Currently, the stock is trading at 2.6% at Rs. 1,127. The stock opened at Rs. 1,108 as against the previous close of Rs. 1,098 on BSE. It has hit a high of Rs. 1,129 and a low of Rs. 1,103 on BSE today.

Total traded quantity on the counter stood at over 249 odd-shares on BSE.

Meanwhile, the BSE Sensex is down 38 points at 25,789.

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