Skip to main content

MoneyWorks4Me

Stovec Industries inks SPA to divest stake in Atul Sugar Screens

15 Mar 2018 Evaluate

Stovec Industries has entered into the Share Purchase Agreement (SPA) with Veco BV and Atul Sugar Screens on March 14, 2018, for sale of 100% equity investment held by the company in Atul Sugar Screens, a wholly owned subsidiary company. Pursuant to the said SPA, the last date for closing the transaction is May 31, 2018.

Stovec Industries is an India-based company, which is engaged in the development and production of consumables for their use in textile and graphic printing industry.

Peers
Company Name CMP
LMW 17357.75
Lohia Corp 541.95
Stovec Industries 1186.65
Veejay Lakshmi Engg 37.68
Indian Card Clothing 202.20
View more..