Shares of Elitecon International, a company that is in the manufacturing of tobacco products, are in focus. The company has informed exchanges that promoter Vipin Sharma is divesting 9.07 lakh equity shares of the company through open market transactions. According to the information shared, the process will generate proceeds of approximately Rs 50 crore, and the entire amount will be reinvested into the company as an interest-free unsecured loan.
586% return in 6 months: This smallcap stock in focus as promoter divests 9.07 lakh equity shares
