MoneyWorks4Me

V-Guard industries’ promoter sells 51.20 lakh shares in open market

11 Dec 2019 Evaluate

V-Guard industries’ Promoter--Kochouseph Chittilappilly has sold 51.20 lakh shares, constituting 1.2% of the total paid up capital of the company, on December 10, 2019, in the open market to raise funds for a social project which is in implementation at Kochi.

The sale proceeds of stake sale by Kochouseph Chittilappilly, will be utilised for closing a short-term loan taken for the land purchase and implementation of the said project.

V-Guard industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.

Peers
Company Name CMP
Waaree Energies 2513.10
Apar Industries 15733.90
Havells India 1098.35
Suzlon Energy 40.34
Siemens 3611.05
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