HOV Services hits 20% upper circuit

Shares of HOV Services were locked on the upper circuit on Friday following reports that it has received an offer of $202 million to purchase 100 per cent of its wholly owned subsidiary HOV Services, LLC and its Hong Kong subsidiary from a company...

MUMBAI: Shares of HOV Services were locked on the upper circuit on Friday following reports that it has received an offer of $202 million to purchase 100 per cent of its wholly owned subsidiary HOV Services, LLC and its Hong Kong subsidiary from a company controlled by some of its promoters and shareholders.

At 12:38 pm, the share was at Rs 100.40, up Rs 16.70 on volume of 3,019 shares. It has gained over 18 per cent in the past one week.
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