<h1>TeleCanor Global Ltd Approves New Branch Office and Reviews Valuation of Land Bank Assets</h1>
TeleCanor Global Ltd has approved the opening of a new branch office and reviewed the strategic valuation and potential commercial utilization of its land bank assets, following decisions made at its Board meeting.
The Board of Directors formally approved the establishment of a branch office located at Dabbiru Vari Street, Sivalayam Road, Yellamanchili in Andhra Pradesh. This move expands the company's operational footprint in the region.
In addition to approving expansion, the Board thoroughly discussed the state of the company’s land bank situated in Rambili Mandal, Anakapalli District, Andhra Pradesh. A specific resolution was approved regarding the valuation of this land, its potential for commercial utilization, and future development opportunities.
The meeting also reviewed general business operations and affairs across the company. Furthermore, the Board took note of the current labor unrest situation and discussed comprehensive steps required to address and resolve related concerns within the workforce.
Stock Price Movement
As of 15:03, TeleCanor Global Ltd. shares are ticking up at ₹20.02 after climbing by 4.98%. The stock has seen movement throughout the day, trading within an intraday range established between a low of ₹18.35 and their current high of ₹20.02.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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