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
28 February, 2020 20:58 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
DIC India to sell Mumbai land for Rs 1.53 bn to Godrej Properties - 28-Feb-2020 16:51
DIC India to sell Mumbai land for Rs 1.53 bn to Godrej Properties - 28-Feb-2020 16:51
Pidilite Industries to acquire 70% stake in Tenax India - 28-Feb-2020 16:43
ONGC, Hindustan Petroleum buy 17.28% stake each in Petronet MHB - 28-Feb-2020 16:30
ONGC, Hindustan Petroleum buy 17.28% stake each in Petronet MHB - 28-Feb-2020 16:30
Suzlon Energy board approves proposal for restructuring of debt of Co - 28-Feb-2020 16:19
SC orders JP Associates to return to return pledged land to Jaypee - 27-Feb-2020 18:12
Thomas Cook India board approves buy-back of shares worth Rs 1.50 bn - 27-Feb-2020 18:07
TCS ranked no 1 in HFS Top 10 Retail and CPG Services report - 27-Feb-2020 17:56
CONCOR, Joint Stock Co of Russia ink MoU to promote cargo over INSTC - 27-Feb-2020 17:48
Adani Ports and Special Economic Zone incorporates overseas subsidiary - 27-Feb-2020 17:42
more...
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