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GRP Restricted has knowledgeable that the corporate has disposed off its 50% holding in fairness shares of its Joint Enterprise firm Marangoni GRP Personal Restricted (MGPL).
The corporate has bought off such a stake within the firm for a consideration of Euro 7,10,000 (approx. Rs5.91 crore).
The client is Chief Rubber Proprietary Restricted and doesn’t belong to any of the promoter/promoter group firms.
The anticipated date of completion of sale/disposal is roughly 15 days from the date of receipt of consideration.
The corporate entered right into a sale settlement on April 27, 2022.
GRP Ltd is at present buying and selling at Rs1,320 up by Rs14.8 or 1.13% from its earlier closing of Rs1,305.20 on the BSE. The scrip opened at Rs1,336.50 and has touched intraday excessive and low of Rs1,336.50 and Rs1,316 respectively.
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