Shares of Hariom Pipe Industries hit a record high of Rs 376, as they rallied 9 per cent on the BSE in Wednesday’s intra-day trade following the acquisition of operating assets of R P Metal Sections Private Limited for an all cash consideration of Rs 55 crore. The stock of iron & steel products company surpassed its previous high of Rs 373.45 touched on December 12, 2022.
The company said it had entered into Asset Transfer Agreement with R P Metal Sections Private Limited on December 26, 2022 to purchase their operating Asset which manufactures Galvanized Pipe and Cold
The company said it had entered into Asset Transfer Agreement with R P Metal Sections Private Limited on December 26, 2022 to purchase their operating Asset which manufactures Galvanized Pipe and Cold