T T Limited had previously announced the sale of its Rajula, Gujarat-based spinning mill assets to M/s Resilient Cotspin, Bhavnagar, Gujarat.
The buyer, Resilient Cotspin, has withdrawn their bid, and the MOU has been canceled as a result. Security Deposit has been refunded to buyer.
The company is searching new customer for aforesaid assets and negotiation is going on with few prospective customers.
Shares of T T LTD. was last trading in BSE at Rs.48.5 as compared to the previous close of Rs. 49.1. The total number of shares traded during the day was 7051 in over 254 trades.
The stock reached an intraday high of Rs. 51.35 and a low of Rs. 48.3. During the day, the total net turnover was Rs. 352061.