Prince Pipes & Fittings has received first tranche of Rs 26.10 crore from Prince Marketing (Promoter group entity).
The company had remitted an advance amount of Rs 40 crore to Prince Marketing for the purchase of immovable property in Mumbai. The conveyance of the immovable property between the company and Prince Marketing, had not been completed. Accordingly, The company and Prince Marketing entered into an agreement to record the terms of repayment of the advance amount. In the month of January, 2021 the first major tranche of the advance payment of Rs 26.10 crore has been received by the company.
Prince Pipes & Fittings is recognized as one of the leading polymer pipes and fittings manufacturers in India in terms of number of distributors.
Company Name | CMP |
---|---|
Supreme Industries | 5268.65 |
Astral | 2108.40 |
Finolex Inds | 272.30 |
EPL | 194.80 |
Jain Irrigation Sys | 63.90 |
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