Radha Madhav to sell Rudrapur unit to Jindal Poly Films

The stock has hit a high of Rs. 43 and a low of Rs. 39.

Feb 12, 2015 06:02 IST India Infoline News Service

Radha Madhav Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on February 12, 2015 has authorized Mitesh Agarwal, Managing Director & CEO of the Company to showcase, negotiate, discuss, execute various documents, agreement, deeds., etc with M/s. Jindal Poly Films Ltd for the sale of Company's Rudrapur Unit subject to various approval/consent of/from Lenders, Statutory Regulators, Boards and other authorities as required.
The stock was up 4% at Rs42.
The stock has hit a high of Rs. 43 and a low of Rs. 39.

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