Salora International gains on board nod for mobile phone unit

The board has approved setting up mobile phone manufacturing unit

Shares of Salora International were up over 4% at Rs 61 on the Bombay Stock Exchange after the board at its meeting held on July 02, 2015 approved to set-up a manufacturing line for commercial production of mobile phones at the company's factory  premises at Noida, Uttar Pradesh.

The board has appointed Ashok K. Kucheria as the new Chief Financial Officer following the resignation of Amit Goel, Chief Financial Officer, the company said in a release.

The stock opened at Rs 62.15 and touched a high of Rs 64.45. At 12:20PM, over 55,000 shares were traded on both the stock exchanges.