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Technocraft Industries divests entire investment in its subsidiary

26 Nov 2019 Evaluate

Technocraft Industries (India) has divested its entire investment in its subsidiary LLP -- Shreyan lnfra & Power LLP for consideration of Rs 3.64 crore. Final agreement shall be entered on November 28, 2019. The Board of Directors in its meeting held on November 14, 2019 had given in-principal approval for the said transaction.

Technocraft Industries (India) is engaged in the manufacturing of drum closures, tubes and scaffoldings, knitted and crocheted cotton fabrics, textile garments, and preparation and spinning of cotton fiber.

Peers
Company Name CMP
JSW Steel 1169.00
Tata Steel 173.60
Steel Authority 171.50
Jindal Stainless 707.85
APL Apollo Tubes 2105.10
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