| Log in

Sujana Universal Acquires 43% In Futuretech For Rs 16.45 Crore

03 February, 2009

Sujana Universal Industries Ltd has announced that pursuant to the resolution passed by the board of directors of the Company in its meeting held on July 28, 2008 and special resolution passed by postal ballot by the members of the Company on December 19, 2008, the Company invested an amount of Rs 16.45 Crores in 13,16,000 equity shares of Rs 10/- each at a premium of Rs 115/- per share in equity share capital of M/s. Futuretech Industries Ltd, Hyderabad and consequent thereto, the Company is having 42.77% of equity share capital of M/s. Futuretech Industries Ltd as on date.

The allotment advice for the said investment was received by the Company on January 31, 2009 from Futuretech Industries Ltd.

The stock closed the day at Rs.3.79, down by Rs.0.14 or 3.56%. The stock hit an intraday high of Rs.4.19 and low of Rs.3.78.

The total traded quantity was 30760 compared to 2 week average of 19717


Leave Your Comment
Parampara Capital invests in S-Cube Futuretech

Parampara Capital invests in S-Cube Futuretech

Anuradha Verma 2 years ago
Software products company S-Cube Futuretech Pvt Ltd has raised funding in a...
Market Action: Merlion India Fund On Exit Mode From ABG Shipyard

Market Action: Merlion India Fund On Exit Mode From ABG Shipyard

Pallavi S 7 years ago
With the year coming to a close when the stock markets are expected to be on a...
News Roundup: Broccoli Family Joins Sahara Bid

News Roundup: Broccoli Family Joins Sahara Bid

TEAM VCC 7 years ago
Jhunjhunwala, Others To Buy 11% In Delta Corp – A clutch of investors,...
No Comments

Sujana Universal Acquires 43% In Futuretech For Rs 16.45 Crore

Powered by WordPress.com VIP