Khadim India gains over 30% in two days on new Bangladesh subsidiary

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Khadim India gains over 30% in two days on new Bangladesh subsidiary

Khadim India gains over 30% in two days on new Bangladesh subsidiary

Shares of Khadim India have seen huge buying interest for the second consecutive session on September 12 after the company announced opening up of an arm in Bangladesh. This incidentally coincides with the resignation of independent director.

The stock rallied 32.5 percent in two straight days. It was quoting at Rs 237, up Rs 34.35, or 16.95 percent on the BSE at 1417 hours IST.

The footwear maker, on September 11, said Namrata Ashok Chotrani, Non-Executive, Non-Independent Director of the company has resigned from the board of directors due to personal reason with immediate effect.

Moreover, Khadim has incorporated a wholly owned subsidiary in Bangladesh in the name of “Khadim Shoe Bangladesh Limited”, to expand existing line of business activities in Bangladesh.

The company is registered with the Registrar of Joint Stock Companies and Firms, Bangladesh on September 5, and the proof of registration was received on September 9, it said in a BSE filing on September 10.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.

Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their original owners.

2019-09-13 07:50:12

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

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