Gorani Industries to consider merger of Blow Hot Kitchen Appliances; Stock jumps 5%

17 Aug 2022 , 01:25 PM

A meeting of the Board of directors of Gorani Industries Ltd will be held on Friday, August 19, 2022 to consider and approve the Scheme of Amalgamation between Blow Hot Kitchen Appliances Private Limited which is a Transferor Company and Gorani Industries Limited (“Transferee Company”) subject to necessary approval and permissions of the shareholders of the Company and others as may be applicable.

At around 1:27 PM, Gorani Industries Ltd was trading at Rs168.10 per share up by Rs8 or 5% from its previous closing of Rs160.10 per share on the BSE.

The scrip opened at Rs168.10 per share and has touched a high and low of Rs168.10 per share and Rs168.10 per share respectively so far today. The current market cap of the company is Rs85.86 crore.