Nagpur Power acquires equity shares in its subsidiary

Sep 27, 2013, 02.24 PM IST

Nagpur Power & Industries has acquired additional 1176 equity shares via transfer of shares from one of the existing shareholder in its subsidiary

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Nagpur Power acquires equity shares in its subsidiary

Nagpur Power & Industries has acquired additional 1176 equity shares via transfer of shares from one of the existing shareholder in its subsidiary

Like this story, share it with millions of investors on M3

Nagpur Power acquires equity shares in its subsidiary

Nagpur Power & Industries has acquired additional 1176 equity shares via transfer of shares from one of the existing shareholder in its subsidiary

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Nagpur Power & Industries Ltd has informed BSE that the Company has acquired additional 1176 equity shares via transfer of shares from one of the existing shareholder in its subsidiary "The Motwane Manufacturing Company Private Limited", which was approved by the Board of the subsidiary Company on September 24, 2013. The Company has received a letter from the subsidiary on September 24, 2013 stating that a total of 1176 equity shares have been transferred to the Company for a total amount of Rs. 705,600.00 thereby increasing the Company's shareholding from 66.25% to 66.66% in the subsidiary.Source : BSE

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