Autoline Industries soars on stake sale plan in US unit


The board will meet on March 11 to explore various avenues of raising funds to meet the funding requirements of the company.

Autoline Industries has soared 9% to Rs 70.30 after the company said its board will meet on March 11 to consider fund-raising options, including selling stake in U.S. unit.

The board of directors of the company will meet on March 11, to explore various avenues of raising funds to meet the funding requirements of the company by way of full disinvestment of stock/ shares in Autoline Industries Inc., USA, Autoline Industries said in a statement.

 

 

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SOURCE: http://www.business-standard.com/

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