Shish Industries has received approval for acquisition of 76.67% stake in Interstar Polyfab (IPPL) by way of acquisition of requisite number of Equity shares of the IPPL at a total consideration of not exceeding Rs 480 lakh. Consequent to such acquisition, IPPL shall become a subsidiary of the company.
IPPL carries on business of manufacturing of all types of small bags, FIBC Bags, Woven sacks, and other allied items made of one or more materials like HDPE, LDPE, PVC, PP, laminating materials. The acquisition shall be beneficial to leverage the growth opportunities in the business of manufacturing of all types of small bags, FIBC Bags, Woven sacks, and other allied items made of one or more materials like HDPE, LDPE, PVC, PP, laminating materials.
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 | 3715.95 |
| Astral | 1590.45 |
| Finolex Inds | 173.80 |
| Nilkamal | 1321.40 |
| Jain Irrigation Sys | 33.18 |
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