Safari Industries (India) has entered into the subscription agreement with Sudhir Mohanlal Jatia and Safari Investments, the Promoters of the company, Malabar India Fund (MIFL) and Malabar Value Fund (MVF) (MIFL SSA) with effect from September 21, 2017. The agreement aims to subscribe to the equity shares of the company under private placement.
Safari Industries (India) manufactures injection-moulded plastic articles and vacuum-formed plastic articles.