Sindhu Trade Links Shares Surged 7 Percent on Friday; Check Details Here
Shares of Sindhu Trade Links Ltd searched around 7% on Friday to an intraday High of Rs. 25.73 from its previous closing of Rs 23.95. The co...
Shares of Sindhu Trade Links Ltd searched around 7% on Friday to an intraday High of Rs. 25.73 from its previous closing of Rs 23.95. The company has 52 weeks high of Rs 32.74 and 52 weeks low of Rs 17.64. The company of market capitalization of Rs 3890 crore.
Earlier, the company received approval for strategic transactions involving Advent Coal Resources Pte. Ltd. The resolution covers the proposed transaction, valuation, exchange ratio, allotment of shares on a pari-passu basis, lock-in provisions, and ultimate beneficial ownership declarations.
Another significant development is the proposed acquisition of a controlling stake in Sainik Mining and Allied Services Ltd. Shareholders approved the acquisition of a 50.1% stake, comprising 21,36,765 equity shares, through a share-swap structure. The transaction also involves the proposed issue and allotment of Cumulative Compulsory Convertible Preference Shares (CCPS) on a preferential basis as consideration for the acquisition.
