Take Solutions' shares rose over 9%, hitting the monthly high of Rs25.50, after the company said it has disinvested its holdings of 5.07 lakh equity shares of Re1 each in Towell Take Investment LLC., Muscat in favor of a Singapore based wholly-owned subsidiary.
Take Solutions said that as part of the restructuring process within the TAKE Group, which was approved by the board of directors of the company, the company has disinvested its holdings of 5.07 lakh equity shares of Re 1 each in Towell Take Investment LLC., Muscat in favor of its wholly owned subsidiary viz., TAKE Solutions Global Holdings Pte, Singapore. This restructuring will have no impact on the consolidated financial statement of the company, since the transfer is made within the group, Take Solutions said.....more info
Take Solutions said that as part of the restructuring process within the TAKE Group, which was approved by the board of directors of the company, the company has disinvested its holdings of 5.07 lakh equity shares of Re 1 each in Towell Take Investment LLC., Muscat in favor of its wholly owned subsidiary viz., TAKE Solutions Global Holdings Pte, Singapore. This restructuring will have no impact on the consolidated financial statement of the company, since the transfer is made within the group, Take Solutions said.....more info