PG Electroplast’s promoter group has sold further 1 lakh shares of the company through Stock Exchange. After this sale, the aggregate shareholding of promoters & Promoter Group in the company has come down to 61.95%.
The proceeds from the sales will be infused back into the company as the unsecured zero coupon loan to the company and with this infusion, the company’s ongoing growth plans will get further boost and capex and working capital requirement will be met completely. The company’s management continues to see exciting opportunities and with new capacities and newly installed PU paint and tooling capabilities, company is uniquely positioned in the consumer durable & automotive plastics space in India.
PG Electroplast manufacture and/or assemble a comprehensive range of consumer electronic components and finished products such as colour television (CTV) sets & components, air conditioners (ACs) sub-assemblies, DVD players, water purifiers and Compact Fluorescent Lamps (CFL) for third parties.
