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Amforge Industries Ltd's board of directors has approved the sale of 100 per cent equity shares of its wholly owned subsidiary Dujon Commercial Pvt Ltd, and making a fresh application to the appropriate authorities for permission of closure of the Chinchwad plant, Pune, under Section u/s. 25 (O) of the Industrial Deputes Act, 1941.
Ram Kaashyap Investment Ltd's board of directors approved rights issue of 3,51,60,000 equity shares of Rs 10 each for cash at par aggregating to Rs 35.16 crore in the ratio of 4:1.
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