Sanghvi Movers gets nod to incorporate wholly owned subsidiary

06 Mar 2024 Evaluate

Sanghvi Movers has received approval to incorporate wholly owned subsidiary (WoS) of the Company. The proposed WOS will carry on the business related to provide full-fledged turnkey services to Independent Power Producers (IPP) right from Conceptualization to Commissioning of wind turbine generator (WTG). The business of the proposed WOS is not outside the main line of business of the Company.

The company will be paying cash consideration to the proposed WOS towards subscription of 100% shareholding. The Board of Directors of the Company at its meeting held on March 05, 2024 has approved the same. 

Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector.

Sanghvi Movers Share Price

312.95 7.80 (2.56%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
BEML 3815.55
Action Const. Equip 1225.35
Sanghvi Movers 312.95
Brady & Morris Engg 1515.95
TIL 272.20
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