India's HBL Power Systems falls as board rejects slump sale proposal

HBL Engineering

28/06/2023 08:34

** Shares of electrical component manufacturer HBL Power
Systems  HBLS.NS  slide as much as 2.7% to 153.15 rupees 
    ** Co board of directors did not accept proposed slump sale
of power electronics and integrated power supply businesses to
MOEBIUS Power Electronics 
    ** Board finds proposal "not attractive", advises co to find
alternatives, says HBLS
    ** Stock snaps two straight sessions of gains
    ** YTD stock has risen ~46%

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))