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Sharad Fibres to sell equity shares of BST Exports

29 Mar 2019 Evaluate

Sharad Fibres & Yarn Processors’ board has agreed to sell 3,70,000 Equity shares of Rs 10 each amounting to Rs 37 lakh held by the company in BST Exports (wholly owned subsidiary). Following the sale and subject to fulfillment of conditions precedent, BST Exports will cease to be a subsidiary of the company.

Further the step down subsidiary Dalmia Exim, which is a subsidiary of BST Exports by virtue of the said sale, will cease to be a step down subsidiary of the company. The Board of Directors of the company at their meeting held on March 28, 2019 has agreed for the same.

Sharad Fibres & Yarn Processors deals in manufactures Polyester Texturised & Twisted Yarn at its plant located at Silvassa. 

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