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Nilkamal’s arm repurchases equity shares from other existing shareholders

17 Jan 2020 Evaluate

Nilkamal’s subsidiary -- Nilkamal Eswaran Plastics, Sri Lanka (NEPPL) has bought back the equity shares from its other existing shareholders. Subsequent to which the percentage of shareholding of the Company in its Subsidiary has changed from 76.00% to 96.28%.

Nilkamal is Asia's largest plastic processor of moulded products based in Mumbai, Maharashtra, India. It is also world's largest manufacturer of moulded furniture.

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