Elgi Rubber to sell Tread Rubber and Bonding Gum Plant

27 Sep 2012 Evaluate

Elgi Rubber Company’s board has proposed to sell/transfer/lease/slump sale the whole/part of ‘Tread Rubber & Bonding Gum Plant’ situated at Kuruchi, Coimbatore District, Tamil Nadu to its wholly owned subsidiary company, Treadsdirect, subject to the approval of the Shareholders of the company.

Elgi Rubber Company is engaged in manufacturing procured tyre treads, cushion compounds, cement, envelopes, etc.

Peers
Company Name CMP
Apcotex Inds 440.65
GRP 6496.20
Pix Transmission 1339.95
Elgi Rubber Co.
Rubfila Internatl. 68.16
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