Wim Plast has sold entire stake in Wim Plast Moldetipo for an aggregate consideration of Rs 15 lakh. Post the transaction, Wim Plast Moldetipo ceases to be a subsidiary of the Company. Earlier, in October 2022, the company had received approval from board of directors for divestment of 100% equity investment, comprising of 1,50,000 equity shares of Wim Plast Moldetipo.
Wim Plast is currently engaged into manufacturing of plastic moulded and extruded articles. The product includes water jugs, house hold trolley, house hold glasses, house hold containers and hot pots.
