MoneyWorks4Me

Indag Rubber’s promoter disinvests 2.05% stake in company

03 Jun 2013 Evaluate

Indag Rubber's promoters Unipatch Rubber, has disinvested its stake in the company. Total shares disinvested are 1,07,467 i.e. 2.05% shares of the Company. Disinvestment has been completed as on June 01, 2013. The promoter shareholding of the Company has come down to 75% of the share capital from 77.05% on March 31, 2013

Indag Rubber was founded by the Khemka Group during the early 80’s and pioneered the introduction of cold retreading technology in India. Since then the company has provided retreading material to our customers ranging from precured tread to curing envelopes.

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