UFlex proposes to divest its 100% shareholding in UPET Holdings, Mauritius to another wholly owned subsidiary (WOS) company, Flex Middle East FZE, Dubai in one or more tranches. The company has divested 16.67% of the total shareholding in UPET Holdings and received the sale consideration against the sale of such shares.
Uflex is engaged in production of Polyester chips, BOPET and BOPP films, Printing and Coating Inks, facilities for Holography, Metalization and PVDC coating, making Gravure Printing Cylinders, Gravure Printing, Lamination and Pouch formation.
