Weizmann has received an approval for purchase of 3,00,000 10% Non-Convertible Non-Cumulative Preference Shares (NCNCPS) of Rs 100 each from Tapi Energy Projects (TEPL), upon terms and conditions agreed between the company and TEPL. The sub-committee of the company at its meeting held on June 13, 2017 has approved for the same.
TEPL is a RBI registered Non Banking Finance Company. The business of TEPL is Borrowing & Lending and Investment in Securities.
Weizmann is a holding company engaged in textile processing. The company is also engaged in job works and financial service activities. The company’s segments include Textiles and Finance.
