RVNL shares surge 7% after incorporating wholly-owned subsidiary in Andhra Pradesh
Shares of Rail Vikas Nigam Ltd (RVNL) rose 7% to their intraday high of Rs 438.5 on the BSE on Monday after the company announced the incorporation of a wholly owned subsidiary, Sabbavaram Sheelanagar Road Development Ltd in Andhra Pradesh. “According to the regulatory filing, Sabbavaram Sheelanagar Road Development Limited was incorporated on May 15,…