The Board of Techno Electric and Engineering Company which gives the approval of the scheme of merging with the company of Simran wind Projects which is a wholly owned subsidiary company.
From stock exchanges the scheme will come into effect on receipt of the approval.
For the amalgamation Simran Wind Projects issue and allot 11,26,82,400 shares of Rs.2 each credit and it will fully paid in he Techno Electric and Engineering Company for every 11,26,82,400 equity shares of Rs.2 each.
On Friday on BSE the stock trading was traded and gaining a 1.2% at Rs. 390.55 per share.
The stock, the total traded volume of Rs.3, 372 shares and its traded value is of Rs.13.20 lakh on NSE.
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