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Gagan Polycot India to merge Karma Stock Trade with itself

19 Dec 2013 Evaluate

Gagan Polycot India has received an approval for merger of the Karma Stock Trade with the company. The board of directors at its meeting held on December 16, 2013 has approved for the same. The board has also approved to increase authorized capital of the company from Rs 10 crore to Rs 20 crore.

Gagan Polycot India is engaged in manufacturing and marketing of textiles and associated products. It offers polyester and cotton products to wholesalers and retailers in North India.

Peers
Company Name CMP
Redington 328.50
Adani Enterprises 2706.00
Amrapali Industries 34.77
Maxgrow India 175.30
Rashi Peripheral 674.15
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