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Veritas to transfer 74% of holding in Veritas Polychem, Veritas Infra & Logistics

19 Oct 2021 Evaluate

Veritas is planning to transfer 74% of its holding in Veritas Polychem and Veritas Infra & Logistics to Swan Energy. Upon completion of necessary compliances and subject to approval by shareholders, above two companies would cease to be Wholly Owned Subsidiary (WoS) of the company.

Veritas (India) is engaged in the import, trading, and distribution of chemicals, metals, and machinery in India.

Peers
Company Name CMP
Redington 327.50
Adani Enterprises 2735.00
Amrapali Industries 33.57
Maxgrow India 172.35
Rashi Peripheral 738.20
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