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Friday, June 10, 2011

Haria Exports touches the roof on plan of demerging its garment division


Haria Exports is currently locked at its upper circuit limit of Rs 4.92, up by 0.23 points or 4.90% from its previous closing of Rs 4.69 on the BSE.
The scrip opened at Rs 4.92 and has touched a high and low of Rs 4.92 and Rs 4.92 respectively. So far 1513 shares were traded on the counter.
The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 7.36 on 12-Jul-2010 and a 52 week low of Rs 3.03 on 11-May-2011.
Last one week high and low of the scrip stood at Rs 4.92 and Rs 3.68 respectively. The current market cap of the company is Rs 2.82 crore.
The promoters holding in the company stood at 12.96% while Institutions and Non-Institutions held 0.02% and 87.02% respectively. 
Haria Exports is eyeing for approval for scheme of arrangement involving demerger of its garment division and merger of Best Plastex with the company. For the propose scheme of arrangement the company will hold a board meeting of its directors on June 14, 2011.
Haria Exports offers garments and note books in India and internationally. It manufactures and exports garments comprising men’s and ladies' cotton shirts, towels and napkins as well as cotton fabrics. The company also offers note books.

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