Sintex Industries to divest stake of BVM Overseas

Sintex Industries Ltd. | Textile | Textiles & Apparels | BSE: 502742 | NSE: SINTEX

23 May 2019 Evaluate

Sintex Industries has received an approval for the disinvestment in BVM Overseas up to 24.99% for the purpose of raising resources for long term working capital requirement and accordingly BVM Overseas will cease to be a Wholly Owned Subsidiary Company and will remain a Subsidiary of the Company. The Board of the company at its meeting held on May 22, 2019, approved the same.

Sintex Industries is one of the most integrated plastic processors in India and an established brand name in plastic industry.

Peers

Company Name	CMP
Vardhman Textiles	571.05
Welspun Living	202.90
Arvind	548.70
Raymond Lifestyle	668.20
K.P.R. Mill	1121.05
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