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Akashdeep Metal gains on offloading 18.69% equity shares of AFSL

04 Dec 2020 Evaluate

Akashdeep Metal is currently trading at Rs. 36.50, up by 0.05 points or 0.14% from its previous closing of Rs. 77.85 on the BSE.

The scrip opened at Rs. 39.00 and has touched a high and low of Rs. 40.00 and Rs. 36.20 respectively.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 40.00 on 04-Dec-2020 and a 52 week low of Rs. 14.05 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 40.00 and Rs. 35.30 respectively. The current market cap of the company is Rs. 31.03 crore.

The promoters holding in the company stood at 72.79 %, while public held 27.21%.

Akashdeep Metal Industries (AMIL) has sold its 10,84,071 equity shares held in its wholly owned subsidiary company i.e. Anmol Financial Services (AFSL) constituting 18.69% of AFSL to the promoters/promoter group of AMIL at a consideration of Rs 4.29 crore approximately. Consequent to the above transaction, AFSL shall cease to be the wholly owned subsidiary of AMIL but shall continue to be a subsidiary of AMIL.

Akashdeep Metal Industries is an Investment & Credit Company (NBFC-ICC), holding a certificate of Registration from Reserve bank of India (RBI).

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