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Rushil Decor gains on executing BTA with Salasar Agropanel

29 May 2014

Rushil Décor is currently trading at Rs. 58.50, up by 0.50 points or 0.86% from its previous closing of Rs. 58.00 on the BSE.

The scrip opened at Rs. 60.00 and has touched a high and low of Rs. 61.20 and Rs. 58.50 respectively. So far 32801 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.60 on 15-Jan-2014 and a 52 week low of Rs. 26.00 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 62.00 and Rs. 56.65 respectively. The current market cap of the company is Rs. 84.24 crore.

The promoters holding in the company stood at 55.93% while Institutions and Non-Institutions held 8.20% and 35.87% respectively.

Rushil Decor has executed a Business Transfer Agreement (BTA) on May 27, 2014 with Salasar Agropanel agreeing to sell the specified assets of Particle Board Manufacturing Unit situated at Survey No. 270, Village Navalgadh, Taluka Dhrangadhra, District Surendranagar, Gujarat.

As per terms of agreement, Company will transfer some assets on or before September 30, 2014 and other assets on or before March 31, 2015 on receipt of agreed consideration. The total consideration finalized is Rs 1337.00 Lakh.

Rushil Decor is engaged in the manufacturing of laminate sheets and plain particle boards. RDL manufactures laminates of both decorative (single-sided) as well as industrial (double-sided) laminates with a wide range of design colour and finish. RDL caters to the domestic as well as export markets and sells its products under the brand name of ‘Vir Laminates’ and ‘Vir Boards.

Related Rushil Decor Ltd. Links:

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