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.
| Company Name | CMP |
|---|---|
| Redington | 280.90 |
| Amrapali Industries | 42.31 |
| Adani Enterprises | 3037.90 |
| Rashi Peripheral | 752.80 |
| PDS | 338.40 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: