Kundan Minerals And Metals Ltd Subsidiary Explores Potential Investments in Mauritania
Kundan Minerals And Metals Ltd, whose previous name was Eastern Sugar & Industries Limited, reported that its foreign subsidiary, Kundan Ventures FZCO, is currently discussing potential investment opportunities in Mauritania.The discussions concern the potential acquisition of companies within Mauritania. The Company stated that this matter is presently in an advanced stage of discussion and remains under evaluation and negotiations.
The Company indicated that it will provide appropriate disclosures to the Stock Exchange(s) in accordance with applicable regulations once the transaction is finalized.
Stock Price Movement
At the close of trade on Monday, Kundan Minerals And Metals Ltd. settled at ₹1.08, dipping 3.57%. The shares navigated an intraday range, moving between ₹1.08 and ₹1.10.Source:
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