Varroc Engineering (VEL) hit an upper circuit limit of 20% at Rs 494.60 after the company said it will divest its 4-wheeler lighting system operations in the Americas and Europe for 600 million euros.
Future Consumer Ltd has lost 49.89% over last one month compared to 7.27% gain in S&P BSE FMCG Sector index and 1.4% drop in the SENSEX
It is proposed to incorporate the New Entity with Authorised Capital of Rs10 lakh which can be increased from time to time as per the requirement.
A broad-based buying was witnessed with pharma and healthcare stocks outperforming counterparts and leading the rally.
Scheme becomes effect from 29 April 2022
Record date for IDCW is 04 May 2022
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