Rattanindia Transfers Entire Shareholding of Cocoblu Retail Limited to Neobrands Limited
Rattanindia Enterprises Ltd announced a corporate action involving the transfer of its stake in Cocoblu Retail Limited. The company transferred its entire shareholding in Cocoblu Retail Limited, which is a subsidiary of RattanIndia Enterprises Limited, to Neobrands Limited. Neobrands Limited is stated to be another wholly owned subsidiary of RattanIndia Enterprises Limited.The transfer of the shareholding does not alter the ultimate ownership or control of Cocoblu Retail Limited. The company confirmed that Cocoblu Retail Limited remains a wholly owned step-down subsidiary of RattanIndia Enterprises Limited following the transaction.
RTNINDIA Stock Price Movement
Today, RattanIndia Enterprises Limited shares edged higher, closing at ₹32.17 after gaining 1.67% in post-market trading. The stock saw active trading today, reporting a total volume of 6.89 million shares.Source:
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