Time Technoplast has commenced the process of sale of land parcel located on Saki Vikar road, Mumbai with identified buyer. Further, due diligence process is ongoing by a leading Asset Management Company. The transaction is likely to be completed including receipt of sales proceeds shortly. The sale consideration will be utilized for repayment of debt to lenders of the Promoter Company, resulting in Release of entire present pledged equity shares.
Time Technoplast is engaged in manufacturing a range of manufacturing polymer packaging products. The company manufactures a range of products such as Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and Construction / Infrastructure related products.
