Nahar Exports' demerger proposal and stock-split have a bearing on BSE as shares of the company registered an increase of 14.14 percent to settle at Rs78.70 on Friday.
The stock has been declining from its intra-year high of Rs92 since September last year. It had witnessed another spike in February.
Nahar Exports informed money-market that a meeting of its board is scheduled for March 30, 2006
The board will review the proposal and approve scheme of demerger and transfer of textile business of the company to Nahar Spinning Mills.
The board will also consider a stock-split proposal by reorganising the company's capital.
marketing@alchempro.com
