Shish Industries has received approval for incorporation of wholly owned subsidiary of the company namely Varni Wood & Paper Packaging (VARNI). The VARNI is being incorporated to acquire 100% Business through Takeover of Sole Proprietorship Entity -Varni Packaging. VARNI will leverage the growth opportunities in the business of Wood and Paper Packaging Products and thereby the company will hold Wood and Paper Packaging Products in its portfolio as well apart from plastic packaging products.
The company, through VARNI, will invest not more than Rs 54 lakh towards the acquisition of 100% Business of Varni Packaging. The Board of Directors of the Company, in their Meeting held on August 29, 2023, has approved the same.
Shish Industries is manufacturer of plastic corrugated sheets, having large distribution network of distributors, warehouses and retail stores with location in over India and will expand to global markets further.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3336.65 |
| Astral | 1322.00 |
| Finolex Industries | 168.55 |
| Nilkamal | 1337.00 |
| Jain Irrigation Sys | 31.70 |
| View more.. | |
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