Harrisons Malayalam ends ~8% higher on closure updates of its subsidiaries

11 Jan 2022 , 03:40 PM

Harrisons Malayalam Limited (HML) informed the exchanges that the company has not closed its wholly-owned subsidiaries and neither has acquired shares of Malayalam Plantations Limited.

The company was referring to its communication from last month regarding the closure of Harmony Plantations Limited (HPL) and Enchanting Plantations Limited (EPL) i.e. the wholly-owned subsidiaries of HML and acquisition of the entire shares (comprising of 50,000 equity shares of Rs10 each) of Malayalam Plantations Limited (MPL) by HML for making it a wholly-owned subsidiary of the company.

Harrisons Malayalam Ltd ended at Rs172.55 per piece up by Rs12.6 or 7.88% from its previous closing of Rs159.95 per piece on the BSE.

The scrip opened at Rs160.05 and has touched a high and low of Rs175.70 and Rs160.05 respectively.