Monday, 21 August 2017

V-Guard acquires 49.43% stake in GUTS Electro-Mech

V-Guard Industries has acquired 6,72,047 equity shares of Rs 10 each of GUTS Electro-Mech constituting 49.43% of the present paid-up capital. The company has acquired stake through Share Purchase Agreement dated August 21, 2017, said the company in a BSE filing on Monday post market hours.

V-Guard Industries was trading at Rs 178.45 per share, up by Rs 0.35 or 20% as at 0955 hours on Tuesday, on the BSE.

The stock attracted a traded volume of 1,38,040 shares and traded value of Rs 248.68 lakh on the NSE. The company had hit its 52-week high of Rs 220.85 on May 16, 2017, and 52-week low of Rs 108.64 on December 28, 2016..

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