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Provider: Motilal Oswal Securities Ltd.

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Sintex Industries Ltd Approves Delisting Of Equity Shares From Ahmedabad Stock Exchange Limited; Explores Possibility Of Setting Up New Spinning Unit

Friday, 12 Jul 2013 04:15am EDT 

Sintex Industries Ltd announced the Board of Directors of the Company at its meeting held on July 12, 2013, has approved and passed the following businesses: Approval for Delisting of Equity Shares from Ahmedabad Stock Exchange Limited in accordance with SEBl (Delisting of Equity Shares) Regulation, 2009 subject to approvals, permission and sanctions, as may be necessary/required from any concerned authorities, without exit option and exploring the possibility of setting up of new Spinning Unit of Textile Division in the state of Gujarat under TUFS Scheme of the Central Government and Gujarat Textile Policy, 2012 for approx. 320,000 spindles at projected cost of approx INR17 billion. This is likely to be ramped up to 1 million Spindles in five years time horizon. 

Company Quote

3.55 +3.31%
30 Apr 2015