Friday, 20 March 2015

Force Motors promoters increases stake in firm to over 60%

With this acquisition, the number of shares held by the Promoter Group stands increased from 78,21,295 equity shares to 79,21,495 equity shares, i.e from 59.36% to 60.12% of the total Paid Up Share Capital of the Company. 

Force Motors Ltd has announced that the Promoters of the Company, viz. Jaya Hind Investments Private Limited, have acquired 1,00,200 equity shares of Rs. 10 each (in demat form) from the Market on March 13, 2015.
Force Motors
The necessary disclosures as per the applicable regulations in respect of these acquisitions of the Promoter Group have been received.
With this acquisition, the number of shares held by the Promoter Group stands increased from 78,21,295 equity shares to 79,21,495 equity shares, i.e from 59.36% to 60.12% of the total Paid Up Share Capital of the Company.

At 10:07 AM, the stock were trading higher 1% at Rs.1,402. The stock has hit a high of Rs.1,437 and a low of Rs.1,402.

Total traded quantity on the counter stood at over 0.53 lk shares on BSE.

Meanwhile, the benchmark BSE Sensex is trading at 28,388 down 81 points.

No comments:

Post a Comment