Essel Propack announced that Arista Tubes, a wholly owned step down subsidiary registered in UK (Subsidiary), has been dissolvedvoluntarily or its name struck-off from Registrar of Companies, Companies House, UK consequent to the striking-off application filed by the said UK subsidiary.

Dissolution of the Subsidiary was as a part of internal reorganization and it will not affect to the performance or revenue of the Company.

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Essel Propack has allotted 45,666 equity shares under ESOS. Consequent to this allotment, the paid up equity share capital has increased by Rs 91,332.

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Avanti Feeds Ltd, Tube Investments of India Ltd, Himadri Speciality Chemical Ltd, Venkys (India) Ltd are among the other stocks to see a surge in volumes on NSE today, 19 December 2019.

Essel Propack Ltd witnessed volume of 12.46 lakh shares by 14:14 IST on NSE, a 12.79 times surge over two-week average daily volume of 97423 shares. The stock increased 11.67% to Rs.168.85. Volumes stood at 26191 shares in the last session.

Avanti Feeds Ltd recorded volume of 34.01 lakh shares by 14:14 IST on NSE, a 7.1 times surge over two-week average daily volume of 4.79 lakh shares. The stock gained 7.16% to Rs.588.10. Volumes stood at 5.6 lakh shares in the last session.

Tube Investments of India Ltd notched up volume of 3.19 lakh shares by 14:14 IST on NSE, a 5.29 fold spurt over two-week average daily volume of 60358 shares. The stock rose 2.11% to Rs.483.20. Volumes stood at 20305 shares in the last session.

Himadri Speciality Chemical Ltd witnessed volume of 32.72 lakh shares by 14:14 IST on NSE, a 4.77 times surge over two-week average daily volume of 6.86 lakh shares. The stock increased 0.86% to Rs.58.85. Volumes stood at 13.34 lakh shares in the last session.

Venkys (India) Ltd saw volume of 4.39 lakh shares by 14:14 IST on NSE, a 4.26 fold spurt over two-week average daily volume of 1.03 lakh shares. The stock increased 4.41% to Rs.1,804.00. Volumes stood at 1.51 lakh shares in the last session.

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Net profit of Essel Propack rose 11.09% to Rs 59.29 crore in the quarter ended September 2019 as against Rs 53.37 crore during the previous quarter ended September 2018. Sales rose 6.89% to Rs 730.54 crore in the quarter ended September 2019 as against Rs 683.47 crore during the previous quarter ended September 2018.

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