Sat Industries’ material subsidiary -- Sah Polymers has acquired 51.01% stake in Fibcrop Polyweave. With this, it has become subsidiary of Sah Polymers and step down subsidiary of Sat Industries. The prime object is to broad base the existing activities with new line of activities which are of high value and have bright futures in terms of revenue and growth. The target Company is engaged in the business of manufacturing of Flexible Intermediate Bulk Containers (FIBC). Cost of acquisition is Rs 1655 per share.
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.
