Indag Rubber’s promoter to disinvest 2.05% stake in company

Indag Rubber - one of the promoters- Unipatch Rubber, would disinvest its shares. Total shares it would disinvest are 107467 i.e. 2.05% shares of the Company .Disinvestment would be completed within a period starting from March 14, 2013 to June 03, 2013.

As on February 28, 2013, the promoter shareholding of the Company is 77.05% of the share capital. The company has received an approval from SEBI for allowing the promoter(s) / promoter group of the Company, to sell equity shares of the Company held by them through Secondary Market Sale in order to meet the Minimum Public Shareholding requirement in terms of Rule 19A of Securities Contracts (Regulation) Rules, 1957 on March 04, 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.