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Simmonds Marshall divests 49% stake in Formex

07 Dec 2023 Evaluate

Simmonds Marshall has completed the sale of 49% equity stake in Formex (FPL), an associate Company. Accordingly, Formex has ceased to be an associate company. Earlier, the company had entered into definitive agreement for said transaction. 

Simmonds Marshall manufactures a range of Specialized Nylon Insert Self Locking Nuts and other Special Fasteners.

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