An announcement from Remsons Industries Limited ( (IN:REMSONSIND) ) is now available.
Remsons Industries Limited announced an acquisition of shares by its promoters, Mr. Krishna Kejriwal and Mr. Rahul Kejriwal, which resulted in an increase in their shareholding percentages. This move, disclosed under the Securities and Exchange Board of India’s regulations on insider trading, signifies a potential strengthening of the promoters’ control over the company, which could influence its strategic direction and reassure stakeholders about the leadership’s commitment to the company’s growth.
More about Remsons Industries Limited
Remsons Industries Limited operates in the automotive components industry, primarily focusing on the production and distribution of automotive cables, gear shift systems, and other critical components for vehicles. The company targets both domestic and international markets, serving a wide range of automotive manufacturers and suppliers.
YTD Price Performance: -21.64%
Average Trading Volume: 7,439
Current Market Cap: 3.96B INR
For a thorough assessment of REMSONSIND stock, go to TipRanks’ Stock Analysis page.