Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  Diligent Media Corporation surges on selling non-core assets

12-Sep2018

Diligent Media Corporation surges on selling non-core assets

Diligent Media Corporation is currently trading at Rs. 6.94, up by 0.25 points or 3.74% from its previous closing of Rs. 6.69 on the BSE.

The scrip opened at Rs. 6.94 and has touched a high and low of Rs. 6.94 and Rs. 6.94 respectively. So far 1 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 14.40 on 01-Jan-2018 and a 52 week low of Rs. 5.76 on 29-Aug-2018.

Last one week high and low of the scrip stood at Rs. 7.14 and Rs. 6.31 respectively. The current market cap of the company is Rs. 81.69 crore.

The promoters holding in the company stood at 69.10%, while Institutions and Non-Institutions held 5.59% and 25.31% respectively.

Diligent Media Corporation has executed an Agreement to Assign, for sale/ assignment of company's non-core assets comprising of leasehold land admeasuring approximately 13,803 square meters adjacent to the company's Printing press at TTC Industrial Area, MIDC, Mahape, Navi Mumbai, Maharashtra, along with building and fixtures thereon and rights attached thereto to Pioneer eLabs or any other entity owned or controlled (with majority beneficial interest) by P. Sridhar Reddy at a consideration of Rs 54.44 crore on September 11, 2018.

The above sale / assignment shall be subject to the approval of the Shareholders of the company at the ensuing Annual General Meeting scheduled on September 21, 2018 and shall require further approval of or no-objection from the lessor viz. Maharashtra Industrial Development Corporation (MIDC).

Diligent Media Corporation publishes daily news, views, and analyses. It provides information in the areas of money, sport, entertainment, opinion, speak up, health, lifestyle, science/technology, and academy in India and internationally.


Related News

View all news

Bajaj Finance strengthens on the bourses

Bajaj Finance is currently trading at Rs. 2656.30, up by 3.25 points or 0.12% from its previous closing of Rs. 2653.05 on the BSE.The scrip opened at Rs. 2659.95 and has touched a high and low of Rs. 2674.40......

Elgi Equipments surges on launching direct drive reciprocating air compressor

Elgi Equipments is currently trading at Rs. 252.00, up by 4.90 points or 1.98% from its previous closing of Rs. 247.10 on the BSE.The scrip opened at Rs. 251.75 and has touched a high and low of Rs. 252.00......

Bajaj Electricals gains on the bourses

Bajaj Electricals is currently trading at Rs. 461.20, up by 2.55 points or 0.56 % from its previous closing of Rs. 458.65 on the BSE.The scrip opened at Rs. 450.00 and has touched a high and low of Rs.......

Top News

View all news

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......

BEL signs teaming agreement with Hughes India for Helicopter Satcom Solutions

Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......