Electrical equipment major Eon Electric Limited (formerly Indo Asian Fusegear Ltd.), is resuming trading of its shares w.e.f 7th June, 2012 at Bombay Stock Exchange and National Stock Exchange under the scrip code 532658 (BSE) and EON (NSE).
Salil Sharma of Kapoor Sharma and Company feels that one can sell Indo Asian Fusegear.
Indo Asian Fusegear has board meeting on July 9 to consider buyback of shares, reports CNBC-TV18. It touched an intraday high of Rs 87 and an intraday low of Rs 82.60. At 09:24 hrs the share was quoting at Rs 83, up Rs 3.45, or 4.34%.
Indo Asian Fusegear board is going to consider buyback, reports CNBC-TV18, quoting Sources. It touched an intraday high of Rs 87.70 and an intraday low of Rs 81.95. At 12:12 hrs the share was quoting at Rs 85.85, up Rs 4.85, or 5.99%.
Indo Asian Marketing Pvt Ltd today announced its merger with Indo Asian Fusegear Ltd, as part of its restructuring plans to tap further growth opportunities.
Indo Asian Fusegear, an electrical appliance maker, Friday demerger its metering, institutional business and proposed power business from the company for unlocking shareholder value and tapping further growth opportunities with effect from April 1.
Slump sale describes the sale of a business undertaking as a going concern basis on an AS-IS basis for a lump sum consideration without values being assigned to the individuals asset and liabilities. It’s becoming a popular route nowadays for companies, and not so for shareholders.
Piramal Healthcare –Abbot, Indo Asian Fusegear – Legrand, Schneider- Zicom, Kanoria Chemicals – Adity Birla Chemicals, Smartlink Network Systems – Schneider- there’s been a Slump Sale Party going on but shareholders have not been invited! Is that fair? Experts debate.
Indo Asian Fusegear has reported a sales turnover of Rs 11.32 crore and a net loss of Rs 1.38 crore for the quarter ended Mar '11
In ain interview with CNBC-TV18, PK Ranade, Joint MD of Indo Asian Fusegear spoke about the Q4 numbers of the company.
Indo Asian Fusegear FY11 revenue was down 47.4% at Rs 120.6 crore versus Rs 228.6 crore. Its expenditure was down 19.6% at Rs 176.5 crore versus Rs 219.4 crore.
Indo Asian Fusegear touched an intraday high of Rs 92.50 and an intraday low of Rs 90. At 09:28 hrs the share was quoting at Rs 91.50, up Rs 2.70, or 3.04%.