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Precision Pipes to hive off mainline PDS business Division, White Goods Division

19 Feb 2013 Evaluate

Precision Pipes and Profiles Company has received an approval to sell, transfer or otherwise dispose off, the whole of the company’s mainline power distribution system (PDS) business Division and White Goods Division, as a going concern by way of slump-sale. The board of company at its meeting held on February 14, 2013 has approved for the same subject to the approval of the shareholders of the company.

The board has also given its approval to conduct the Postal Ballot to sell, transfer or otherwise dispose off, the company’s mainline power distribution system Division and White Goods Division.

Precision Pipes and Profiles Company is a leading manufacturer of high quality automotive sealing systems and exterior products in India. The company has four state of the art manufacturing facilities, which are located in New Delhi and Noida.

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