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KS Oils in talks to sell 35% stake; stock slips 4.5%
KS Oils promoters are in talks with Ruchi Soya & Global players like Archer Daniels Midland & Cargill to sell its 35% stake, reports The Financial Express. It touched an intraday high of Rs 10.25 and an intraday low of Rs 9.50. At 09:26 hrs the share was quoting at Rs 9.55, down Rs 0.45, or 4.50%.
KS Oils touched an intraday high of Rs 10.25 and an intraday low of Rs 9.50. At 09:26 hrs the share was quoting at Rs 9.55, down Rs 0.45, or 4.50%.
The comapny's promoters are in talks with Ruchi Soya & Global players like Archer Daniels Midland & Cargill to sell its 35% stake, reports The Financial Express.
It was trading with volumes of 878,391 shares. In the previous trading session, the share closed down 6.10% or Rs 0.65 at Rs 10.