Windsor Machines to divest entire stake in Wintal Machine Srl

20 Mar 2023 Evaluate

Windsor Machines has received an approval for divestment of the company’s entire stake of Wintal Machine Srl, a wholly owned subsidiary of the Company, by way of sale to Massimo Pegoraro, (Buyer) subject to approval of RBI & Shareholders of the Company. The Board of Directors of the Company on recommendation & Approval of the Audit Committee at its meeting held on March 20, 2023 has approved the same.

The Company is in the process of signing the relevant agreement. The date of completion of the sale depends on the time taken for receiving all approvals, including approvals from concerned regulators. However, it is estimated that the sale will be completed by May 2023, subject to all approvals.

Windsor Machines is one of the select few companies in India, which serves and supports the varied needs of plastic processing industry across several countries with cutting edge product design and latest technology, wherein the company is engaged in manufacturing Injection Moulding, Pipe Extrusion and Blown Films machineries, all under one roof.

Windsor Machines Share Price

67.65 0.54 (0.80%)
28-Mar-2024 16:01 View Price Chart
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