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Ess Dee Aluminium turns weak and is down 1.1%
Edited by : AL CIRCLE
1 min read
The Ess Dee Aluminium stock has reversed after witnessing an upswing in Monday’s trade on NSE. The stock is currently trading at INR 383.15, down 4.30 or 1.1% at 1:11PM.
Reports state that the company is in talks with Amcor of Australia to sell the company.
A report in ET quoting sources states that ‘Amcor has offered to buy the company at a valuation of $365 million and the top officials of both the companies are meeting in Singapore today for the negotiations.”
The stock has risen over 60% since mid-March following expectations of the deal.
Reports state that the company is in talks with Amcor of Australia to sell the company.
A report in ET quoting sources states that ‘Amcor has offered to buy the company at a valuation of $365 million and the top officials of both the companies are meeting in Singapore today for the negotiations.”
The stock has risen over 60% since mid-March following expectations of the deal.
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