Manali Petrochemicals Limited has executed a Memorandum of Understanding today i.e., 18th December 2024 ('MOU') with Fermenta Biotech Limited (FBL) to acquire lease and related rights of FBL, through assignment, on the leased premises situated at Saykha Industrial Estate, Gujarat admeasuring at an extant of 40,000 sqm for a consideration of Rs. 18,70,00,000/- (Rupees Eighteen Crore Seventy Lakhs Only), on the terms and conditions specified in the said MOU, subject to execution of further definitive agreements and approval of Gujarat Industrial Development Corporation.
Shares of Manali Petrochemicals Limited was last trading in BSE at Rs. 63.89 as compared to the previous close of Rs. 65.09. The total number of shares traded during the day was 43459 in over 1317 trades.
The stock hit an intraday high of Rs. 65.39 and intraday low of 63.50. The net turnover during the day was Rs. 2792475.00. |
