Man Industries allot Rs 50 crore worth shares to Ashish Kacholia
Tue, Feb 6, 2024 12:04 AM

Man Industries allot Rs 50 crore worth shares to Ashish Kacholia

A Flip by Shubhangi Gupta
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Man Industries allotted Rs 250 crore worth of shares to various investors, including Ashish Kacholia and RBA Finance and Investment Company. Each investor received a portion of the total 68.11 lakh shares at a price of Rs 367 per share. This deal gives Ashish Kacholia a 1.96% stake in the company. Man Industries saw a rise in revenue but a decline in net profit in its Q3 results.

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