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Flexituff Ventures International inks business transfer agreement with Subsidiary

28 Aug 2023 Evaluate

Flexituff Ventures International has executed Business Transfer agreement (BTA) with Flexituff Technology International, Subsidiary Company (Buyer) on August 28, 2023 for sale of Flexible Intermediate Bulk Container (FIBC) business of Pithampur unit of the Company. Earlier, the company had received the Board’s approval for said transaction.  

Flexituff Ventures International is engaged in the production of FIBC, Geo-Textile Fabric and Ground Cover, Reverse Printed BOPP Woven Bags, Special PP Bags including Leno Bags.

Peers
Company Name CMP
Vardhman Textiles 554.05
Welspun Living 224.70
Arvind 550.00
Raymond Lifestyle 687.50
K.P.R. Mill 1108.00
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