30/12/2024, 2:28:04 pm

KEC International shares rise after co sells cables business to unit

KEC International Ltd shares jumped 5% on Monday as the company executed an agreement with its subsidiary to transfer the cables business for a slump sale of ₹125 crore. The Indian multinational manufacturer of power transmission towers informed the stock exchanges that it had executed a business transfer agreement (BTA) with its subsidiary - KEC Asian Cables Ltd (KACL) on December 30.