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Dhanada Corporation rises on getting nod for investment in Cleanfield Alternative Energy

Dhanada Corporation Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 531198 | NSE:

12 Nov 2012 Evaluate

Dhanada Corporation is currently trading at Rs. 20.60, up by 0.50 points or 2.49% from its previous closing of Rs. 20.10 on the BSE.

The scrip opened at Rs. 18.30 and has touched a high and low of Rs. 20.85 and Rs. 18.30 respectively. So far 7608 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 31.50 on 20-Jun-2012 and a 52 week low of Rs. 9.32 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 27.50 and Rs. 17.65 respectively. The current market cap of the company is Rs. 115.50 crore.

The promoters holding in the company stood at 66.10% while Institutions and Non-Institutions held 0.23% and 33.67% respectively.

Dhanada Corporation has received an approval for investment in the securities of Cleanfield Alternative Energy Inc., Corporation having its registered office at Toronto and listed on Toronto Stock Exchange Venture by way of subscription, purchase, exchange of shares or otherwise and giving loans and / or guarantees in connection with loan(s) given by any other person to the said corporation, up to a aggregate sum of Rs 7 crore in one or more tranches.

The board at its meeting held on November 09, 2012 has approved for the above. Besides, the above sum of Rs 7 crore is within the limits approved by the shareholders of the company pursuant to the Companies Act, 1956, subject to RBI guidelines in this regard.

Further, the board has also authorized Chairman and Managing Director of the company to decide the quantum and terms and conditions with regard to the investment in the said corporation.

Dhanada Corporation Share Price

2.30 0.00 (0.00%)

04-Mar-2024 16:59 View Price Chart

Peers

Company Name	CMP
Indian Hotel	664.20
ITC Hotels	165.50
EIH	334.30
Chalet Hotels	803.85
Mahindra Holi.&Resor	271.90
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Dhanada Corporation rises on getting nod for investment in Cleanfield Alternative Energy

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