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Balgopal Commercial surges 5% on open offer by Allied Commodities
short by / on Wednesday, 11 December, 2024
Shares of Balgopal Commercial Limited rose by 5% followed by an open offer announcement by Sandeep Jindal and Allied Commodities, Prompt Vanijya to acquire a nearly 26% stake. Additionally, a preferential share allotment of 2.5 million shares to Allied Commodities will raise their stake to about 13.15%, triggering the open offer of ₹60 per share.a
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