PTL Enterprises has dropped its plan which was approved in previous board meeting to divest 100% shareholding in PTL Projects, its wholly owned subsidiary. The board of directors at its meeting held on May 02, 2014 has approved for the above. Instead, the board approved to divest 100% shareholding in Athena Eduspark, PTL Projects’ wholly owned subsidiary.
PTL Enterprises operates in three segments; namely lease of plant, health care and other corporation. The company plant is located Kalamassery, Alwaye, Kerala. It has given the plant on lease to Apollo Tyres, which manufactures truck and bus tyres sold under brand name ‘Apollo’.
