Reliance Wealth Management has sold 9.25 lakh shares of Manali Petrochemicals through the open market route. The shares were sold on an average price of Rs 21.31 valuing the transaction to Rs 1.97 crore.
Manali Petrochemicals (MPL) is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two grassroot production facilities at Manali to manufacture Propylene oxide (PO), Propylene Glycol (PG) and Polyols. It markets its Polyols with isocyanates sourced indigenously as well as imported from Japan and China and the pre-polymers produced at MPL in meeting the demand of polyurethane industry in India.
