Autoline Industries soars on stake sale plan in US unit
The board will meet on March 11 to explore various avenues of raising funds to meet the funding requirements of the company.
Autoline Industries has soared 9% to Rs 70.30 after the company said its board will meet on March 11 to consider fund-raising options, including selling stake in U.S. unit.
The board of directors of the company will meet on March 11, to explore various avenues of raising funds to meet the funding requirements of the company by way of full disinvestment of stock/ shares in Autoline Industries Inc., USA, Autoline Industries said in a statement.
The stock opened at Rs 69 and touched a high of Rs 71.40 on the BSE. A combined 245,000 shares changed hands on the counter so far on the BSE and NSE.
The board of directors of the company will meet on March 11, to explore various avenues of raising funds to meet the funding requirements of the company by way of full disinvestment of stock/ shares in Autoline Industries Inc., USA, Autoline Industries said in a statement.
The stock opened at Rs 69 and touched a high of Rs 71.40 on the BSE. A combined 245,000 shares changed hands on the counter so far on the BSE and NSE.