On June 8, Hatsun Agro Products’ share rose 4% in the early trade as the business plans to deliberate the sale of its windmill division.

A meeting of the company’s board of directors will be held on July 5, 2023, to contemplate and approve the suggestion for sale by way of transfer of all the connected assets and liabilities on a “Slump Sale” basis to the forthcoming buyer, at a price commonly agreeable to the company and the buyer.

The board will also elect the modalities of an agreement to be passed in by the company with the prospective purchaser and treatment of the sale transaction in the July 5 meeting.

The trading window is closed from June 8, 2023, until the expiry of 48 hours from the date of the board meeting suggesting the consequence on the above-said matter.

At 09:30 am, Hatsun Agro Products was trading at Rs 897.30, up Rs 14.90, or 1.69% on the BSE.

The company’s share touched a 52-week high of Rs 1,118.15 and a 52-week low of Rs 786 on 09 September 2022 and 29 March 2023, respectively.

It trades at 19.75% below its 52-week high and 14.16% above its 52-week low.