MoneyWorks4Me

Uflex sells 82% stake in Utech Developers

04 Oct 2019 Evaluate

Uflex has completed the sale of its 82% stake in Utech Developers on October 3, 2019. Consequently, Utech Developers has ceased to be subsidiary of the company. Further, SD Buildwell, being wholly owned subsidiary of Utech Developers has also ceased to be the step down subsidiary of the Company.

Uflex is India’s largest multinational flexible packaging materials and Solution Company and an emerging global player. Since its inception back in 1985, Uflex has grown from strength to strength to evolve as a truly Indian Multinational with consumers spread across the world.

Peers
Company Name CMP
Uflex 652.30
EPL 231.20
AGI Greenpac 733.90
Huhtamaki India 243.40
TCPL Packaging 3865.85
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