GNA Axles is buzzing in trade on the back of inter se transfer of promoter stakes. In an interview to CNBC-TV18, Ranbir Singh, President & CEO of the company spoke at length about the same and gave his outlook for the future.
Our total holding was in the tune of 70 percent. Now the promoter holding is around 66 percent, said Singh.
He further said that one promoter has sold 6-7 percent currently.
According to him, dilution by promoters will become stable going ahead.
Talking about business, he said we are hopeful to improve order book going ahead.
We expect Rs 1,000 crore revenues by 2020, he added.
Watch accompanying video for more details.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
