Bang Overseas Ltd intends to sell 10 lakh shares of Aquarelle India Pvt Ltd, a 50:50 joint venture of the company, to its Mauritius-based partner Aquarelle International Ltd for Rs 115 a share, the company said in a statement to the stock exchange on Thursday.
Shares of the company were locked in a 20 per cent upper circuit at Rs 55.90 on the Bombay Stock Exchange (BSE) on Thursday.