Goodluck India rises on subsidiary amalgamation
12/10/2026 10:48
BUZZ-Goodluck India rises on subsidiary amalgamation ** Shares of Goodluck India GLST.NS rise 14.3% to 572.05 rupees
** Stock on track for highest intraday percentage gain since May 12, 2025
** Iron and steel co approves amalgamation of subsidiaries Goodluck Defence and Aerospace and Goodluck Green Energy into parent
** Expects amalgamation to improve operational focus, boost stock liquidity and accelerate growth
** More than 6.8 million shares traded, over 11.9x the stock's 30-day avg
** GLST up 57.64% YTD
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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