Post the acquisition Bright Power has become a subsidiary of the company with effect from January 04, 2016, the company said in a release.
The promoters/ promoter group/ group companies of the Company have neither an interest in Bright Power nor does the acquisition fall within the related party transactions envisaged under the applicable law, the release added.
The stock opened at Rs 151 and touched a high of Rs 154. At 10:50am, over 470,000 shares were traded on both the stock exchanges.
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