Signet Industries gets nod to acquire engineering business of Adroit Industries

17 Feb 2016

Signet Industries has received its board approval to acquire the engineering business of Adroit Industries (India), a promoter group company, on slump sale basis, through its 100 per cent subsidiary Adroit Drivelines.

The company’s board gave its approval for the same at its meeting held on February 16, 2016. The board also gave its consent to issue equity shares by way of private placement/ preferential allotment. However, the quantum of such issue was not specified.

Signet Industries is engaged in the manufacture, trade, and export of poly products in India. It distributes HDPE, LDPE, PVC, PP, and PET resins.

Related Signet Industries Ltd. Links:

Signet Industries Share Price

20.50 -0.50 (-2.38%) Nov 13, 18:51
1 Year Price Chart
Peers
Company Name CMP
MMTC 19.00
Redington 114.35
Adani Enterprises 198.20
Amrapali Industries 3.90
State Trading Corp 55.80
View more..
Sensex vs Signet Industries
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463