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CDG Petchem gets nod to disinvest stake in Morbido Merchandise

12 Aug 2022 Evaluate

CDG Petchem’s board has decided to disinvest the shares held in Morbido Merchandise, a Material Unlisted Subsidiary of the company. The above decision of disinvestment of shares is subject to the approval of members of the company. The Board of Directors at their meeting held on August 10, 2022 have decided for the same. 

The company is engaged in the activities Merchant Export & Third country Trade, Imports - Marketing & Distribution of Mats / Mattresses, Insulation Sheet and Pillows.

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