Golden Tobacco has frozen at the upper circuit of 5%, at Rs 135, in an otherwise weak market after announcing that the board will meet on February 16 to consider the development of its properties.
The stock opened at the circuit limit of Rs 135 itself and 41,000 equity shares have changed hands on the BSE counter thus far.
The company already received permission of the shareholders at an extra-ordinary general meeting (EGM) held on January 18, to develop properties at Vile Parle and Marol in Mumbai and sell real estate assets in Hyderabad and Guntur. The company said the move to develop and sell its real estate assets was aimed at unlocking shareholder value.
More : business-standard.com
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