The stock erased gains and touched a low of Rs 213. The scrip finally ended at Rs 215, down 2% from the previous close. The counter clocked volumes of 1.85 million shares as compared to the two-week daily average traded volumes of 2.23 million shares on the BSE.
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(Updated at 1102hrs)
The restructuring plan will make Punj Lloyd as the parent company. The energy structure will have two independent operating entities, one in South Asia and the other in West Asia.
The stock opened at Rs 217 and touched a high of Rs 223, up 2% from the previous close. The stock is now trading at Rs 221, up 1% form the previous clsoe. The counter has clocked volumes of 453,870 shares on the BSE so far.
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