Comments
The board of RSWM on Wednesday decided to sell 1.69 crore equity shares held in Bhilwara Energy, an associate company, for a cash consideration of ₹84.85 crore to HEG on the basis of valuation of fair price per share on arm’s length basis.
The company’s holding in Bhilwara Energy, after the proposed sale, would be 1.25 crore shares, comprising 7.56 per cent of the total share capital. Shares of RSWM fell 0.41 per cent at ₹180 on the BSE, while those of HEG jumped 1.56 per cent at ₹2,072.20.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.