Mawana Sugars witnessed a sharp rise in share price on Monday after the company has agreed to sell one of the operating units of the company 'Titawi Sugar Complex (TSC)' situated at Titawi, Muzaffarnagar district in state of Uttar Pradesh as a going concern on an 'As is Where is What is' basis to Indian Potash.
The company has received the board of directors approval for the same. The above is however subject to all statutory and other necessary approvals, including shareholders' approval.
Shares of Mawana Sugars are trading at Rs 48.75, up Rs 6.1, or 14.30% at the Bombay Stock Exchange (BSE) on Monday at 9:54 a.m.
The scrip has touched an intra-day high of Rs 50.20 and low of Rs 46.30. The total volume of shares traded at the BSE is 166,844.
Total volume of shares traded on the bourses today was higher by 470.11% to 847,865 compared with 22-day average volume of 148,721.