Surana Tele to demerges the Solar Biz, stock up

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Surana Telecom touched an intraday high of Rs 42.20 and an intraday low of Rs 40.70. At 12:34 pm, the share was quoting at Rs 41, up Rs 0.50, or 1.23%.

The company has informed BSE that the Board of Directors of the Company at its meeting held on November 25, 2009, inter alia, considered and approved a proposal to demerge the Solar Business of the Company into Surana Ventures Ltd (Surana Ventures) in terms of a Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 (the "Scheme").
 
It was trading with volumes of 4,064 shares. Yesterday the share closed up 1.25% or Rs 0.50 at Rs 40.50.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	39.25	41.00	1.75	4.46
5-Days	38.50	41.00	2.50	6.49
7-Days	39.35	41.00	1.65	4.19
15-Days	36.00	41.00	5.00	13.89
1-Month	41.75	41.00	-0.75	-1.80
3-Month	29.75	41.00	11.25	37.82
6-Month	26.10	41.00	14.90	57.09
9-Month	17.15	41.00	23.85	139.07
1-Year	20.05	41.00	20.95	104.49