IFB Agro Industries has surged 7% to Rs 226, extending its previous day’s 7% rally, ahead of board meeting today to consider sale of Indian made Foreign Liquor (IMFL) brands.
A meeting of the board of directors of the company will be held on February 25, 2014, to consider the proposal of sale of its Indian made Foreign Liquor (IMFL) brands, IFB Agro said in a BSE filing.
Earlier this month, the board of Tilaknagar Industries had granted in-principle approval for the acquisition, either directly or through one of the subsidiaries of the company, the complete IMFL business of IFB Agro Industries.
The stock opened at Rs 218 and touched a 52-week high of Rs 231 on the NSE. The stock hit a record high of Rs 238 in February 15 last year.
A combined 21,596 shares changed hands on the counter so far on the NSE and BSE.
A meeting of the board of directors of the company will be held on February 25, 2014, to consider the proposal of sale of its Indian made Foreign Liquor (IMFL) brands, IFB Agro said in a BSE filing.
Earlier this month, the board of Tilaknagar Industries had granted in-principle approval for the acquisition, either directly or through one of the subsidiaries of the company, the complete IMFL business of IFB Agro Industries.
The stock opened at Rs 218 and touched a 52-week high of Rs 231 on the NSE. The stock hit a record high of Rs 238 in February 15 last year.
A combined 21,596 shares changed hands on the counter so far on the NSE and BSE.
