Polychem has further sold 60,000 Equity shares i.e. 0.70% of equity share capital of Gujarat Poly Electronics (GPEL), (Subsidiary Company) at a price of Rs 129.40 per share in Open Market on September 23, 2024, for a total consideration of Rs 77,64,000.
Post this transaction, the total equity shares held by the Polychem in GPEL is 44,53,745 shares which is 52.09% of the total equity share capital of the Company.
Polychem poineered the production of Styrene, Polystyrene, Vinyl Acetate & Polyvinyl Alcohol in the country.
