Sat Industries has decided to acquire 2,270 equity shares in Fibcorp Polyweave on right basis at Rs 1,100 (including premium of Rs 1,000) per share. Consequent to this acquisition company's holding in Fibcorp Polyweave will increase from 19% to 19.22%.
Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.