V-Guard Industries further invests Rs15.17 crore in subsidiary, V-Guard Consumer Products

14 Feb 2022 , 03:15 PM

V-Guard Industries Limited has made a further investment to the extent of Rs15.17 crore in V-Guard Consumer Products Limited (VCPL), the Wholly Owned Subsidiary (WOS) incorporated on July 19, 2021, and has been allotted 1,51,72,505 equity shares of Rs10/- each on February 11, 2022. The total amount of investment made to date of this disclosure is Rs59.80 crore, the company said in a filing on Friday.

The WOS is engaged in carrying on the business of manufacturing, selling, and dealing in otherwise of various consumer electrical, electronics, electro-mechanical products, and home and kitchen appliances of all kinds both electrical and non-electrical and such other allied products.

Towards close of trade on Monday, V-Guard Industries Ltd was trading at Rs206.70 per piece down by Rs9.9 or 4.57% from its previous closing of Rs216.60 per piece on the BSE.