Aeonian Investments Company has locked in upper circuit of 20% at Rs 186 in otherwise weak market after the company proposed a voluntary winding up of the company.
The board of directors of investment firm is schedule to meet on March 26, 2013, to consider voluntary winding up of the company,” Aeonian Investments Company said in a BSE filing.
The promoters held 86.96% stake in the company at the end of December 2012 quarter, while the remaining 13.04% holding are with the individual shareholders.
Meanwhile, the market regulator the Securities and exchange board of India (Sebi) has mandated to all listed companies have to increase public shareholding to a minimum 25% by June 2013.
The stock opened at Rs 164 and has seen around 5,362 shares changing hands on the counter so far on BSE. There are pending buy orders for 800 shares at 1028 hours.
The board of directors of investment firm is schedule to meet on March 26, 2013, to consider voluntary winding up of the company,” Aeonian Investments Company said in a BSE filing.
The promoters held 86.96% stake in the company at the end of December 2012 quarter, while the remaining 13.04% holding are with the individual shareholders.
Meanwhile, the market regulator the Securities and exchange board of India (Sebi) has mandated to all listed companies have to increase public shareholding to a minimum 25% by June 2013.
The stock opened at Rs 164 and has seen around 5,362 shares changing hands on the counter so far on BSE. There are pending buy orders for 800 shares at 1028 hours.
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