Petron Engineering Construction on Tuesday said its promoters have decided to sell their controlling stake to a Kazakh firm for an undisclosed amount.KazStroyServices, an oil and gas services company, bought the stake from Petron Investments, the holding company of Petron Engineering with 52.22 per cent stake.
Shares of Petron jumped nearly 20 per cent to hit its upper circuit limit and closed at Rs 227.15 on the Bombay Stock Exchange. The scrip opened firm at Rs 191 and rallied to touch its 52-week high with 10.05 lakh shares being traded.
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