Ganesh Housing Corporation Ltd to dispose stake in subsidiary

The Board of Directors of Ganesh Housing Corporation Ltd at their meeting held yesterday has decided to sale, transfer or disposal of the 10,000 Equity Shares held by the Company in its Wholly-owned Subsidiary Company viz. Maheshwari (Thaltej) Complex Private Limited to Siddhivinayak Securities Private Limited. The Subsidiary Net worth was Rs.46,64,43,776/-. The Total consideration to be received from the sale or disposal of the Share is approximately Rs. 46,73,87,900/- (Rupees Forty Six Crore Seventy Three Lakhs Eighty Seven Thousand Nine Hundred Only). Shares of GANESH HOUSING CORPORATION LTD. was last trading in BSE at Rs.113.45 as compared to the previous close of Rs. 116.35. The total number of shares traded during the day was 11730 in over 164 trades. The stock hit an intraday high of Rs. 117.65 and intraday low of 113. The net turnover during the day was Rs. 1345280.