Two more Walton companies will enter in capital market

Sunbd Desk || Published: 2021-03-28 13:07:53 || Updated: 2021-03-28 13:07:53

One of the country’s leading industrial groups Walton, will have two more companies in the capital market, said executive director Uday Hakim. The two companies are Walton Digitech Industry Limited and Walton Plaza.

This information was given by the company after the members of the Capital Market Journalists Forum (CMJF), an organization related to the capital market, visited Walton’s Chandra factory on Sunday.

Ordinary shareholders now own only 53 percent of the total shares of Walton Hi-Tech Industries listed on the stock exchange in 2020. Institutional investors own 44 percent of the shares. The remaining 99.03 percent shares are held by the company’s entrepreneurial directors.

Responding to a question from reporters, Uday Hakim, Walton’s executive director, said, “We know that Walton has entered the capital market with a small number of shares for ordinary shareholders.” For this, Walton’s two associates are in the process of being brought to the capital market. ‘Uday Hakim also said that more shares will be kept for the investors from the two associates of Walton.

Sunbd/NJ

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