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Balmer Lawrie to exit from start-up ‘Kanpur Flowercycling’

05 Feb 2020 Evaluate

Balmer Lawrie & Company has received approval to exit from start-up- ‘Kanpur Flowercycling’ by sale of 479 equity shares held by the Company to IAN Fund and IAN individuals at a total consideration of Rs 95.14 lakh. The Board of Directors of the Company at its meeting held on February 04, 2020 has approved the same.

Balmer Lawrie & Company is a multi-activity, multi-technology, multi-location conglomerate with global footprints having diverse interests in manufacturing and services sector viz, Industrial Packaging, Grease & Lubricants, Leather Chemicals, Tea, Travel & Tours, Logistics Infrastructure & Services and Refinery & Oilfield Services.

Peers
Company Name CMP
Grasim Industries 3067.50
DCM Shriram 916.70
3M India 32111.10
Hindustan Foods 575.30
Balmer Lawrie & Co 161.25
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