Kothari Products divests entire stake in Singapore based step down subsidiary; Stock trades ~3% higher

17 Jan 2022 , 02:35 PM

Kothari Products Limited subsidiary Kothari Products Singapore Pte Ltd has divested the entire stake in its 100% subsidiary Pinehills Singapore) Pte Ltd. Accordingly, Pinehills Singapore has ceased to be the step-down subsidiary of the company.

At around 2.36 PM, Kothari Products Ltd was trading at Rs108.55 per share up by Rs2.85 or 2.7% from its previous closing of Rs105.70 per share on the BSE.

The scrip opened at Rs106.90 and has touched a high and low of Rs110.50 and Rs105.10 respectively.