Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
15 October, 2019 05:17 IST
Orient Bell enters into agreement with Ceramic
Source: IRIS | 10 Aug, 2017, 03.02PM
Comments  |  Post Comment

Orient Bell has entered into an agreement with Ceramic Tile Manufacturing Company at Morbi (Gujarat) and its Promoters to acquire 26% equity stake.

The said company is setting up a new plant to manufacture about 5.2 million square meters of wall tiles per annum at Morbi (Gujarat) and likely to start Commercial Production by the end of March 2018.

This strategic stake will give complete access to the company in order to procure and sell the substantial quantity of tiles to be manufactured by the said company.

Shares of the company declined Rs 12.35, or 5.22%, to trade at Rs 224.20. The total volume of shares traded was 8,361 at the BSE (2.52 p.m., Thursday).





Orient Bell Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer