Sah Polymers Ltd acquires 51.01% stake in FIBC manufacturer

Sah Polymers Limited, a material subsidiary of SAT Industries Ltd has acquired a stake of 51.01% in Ribcorp Polyweave Private Limited and consequent thereto it has become a Subsidiary of Sah Polymers Limited with effect from January 5, 2022.

The prime object is to broad base the existing activities with new line of activities which are of high value and have bright futures in terms of revenue and growth. The target company is engaged in the business of manufacturing of Flexible Intermediate Bulk Containers (FIBC).

Shares of SAT INDUSTRIES LTD. was last trading in BSE at Rs. 47.35 as compared to the previous close of Rs. 41.75. The total number of shares traded during the day was 303150 in over 1135 trades.

The stock hit an intraday high of Rs. 47.90 and intraday low of 41.50. The net turnover during the day was Rs. 13760701.00.

Source : Equity Bulls

Keywords

SATINDUSTRIES INE065D01027 SahPolymers RibcorpPolyweave FIBC