Curious Case of Bhageria Industries sale of subsidiary at peanuts!
Curious Case of Bhageria Industries sale of subsidiary at peanuts!

Curious Case of Bhageria Industries sale of subsidiary at peanuts!

This announcement triggered huge volatility in the stock price. The stock made an intraday high of Rs 192.95 and thereafter, fell nearly Rs 17 from the day’s high.

Karan Dsij Article rating: 4.6

We wish to inform you that Bhageria Industries Ltd has entered into a share purchase agreement dated September 29, 2022, for sale/disposal of 100 per cent equity shares held in Bhageria Exim Private Limited. Pursuant to the execution of the share purchase agreement and transfer of shares, Bhageria Exim Private Limited will cease to be the wholly-owned subsidiary of the company. 

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