Blue Star for strategic acquisition

Thebullishtrends : Bluestar shares are trading at Rs.463. The Board of Directors of Blue Star has approved a proposal for the strategic acquisiton of the business of Naseer Electricals Pvt Ltd,a leading electrical contracting firm, as a going concern. With this move Blue Star will be able to deliver integrated Mechanical Electrical & Plumbing (MEP) contracting projects for the commercial building and infrastructure projects.