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Tulsyan NEC disinvests 49.10% stake in Cosmic Global

28 May 2018 Evaluate

Tulsyan NEC has disinvested its 49.10% Equity stake in Cosmic Global, a subsidiary of the company to TG Logistics, which does not belongs to Promoter/Promoter Group/ Group Companies at the consideration of Rs 1,36,80,000 i.e 7,20,000 Equity Shares at Rs 19 each per share as per the Valuation Report. The Memorandum of Transfer has been completed on March 14, 2018.

Tulsyan NEC is a diversified company with business interests in steel and plastic packaging material.

Peers
Company Name CMP
JSW Steel 1261.00
Tata Steel 186.00
Steel Authority 184.45
Jindal Stainless 745.30
APL Apollo Tubes 2200.00
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