16 Sept 2022 , 11:33 AM
The divestment of Ester Industries' Engineering Plastics Business to Radici Plastics India Private Limited was finalised and concluded on September 15, 2022, according to the company.
This strategic divestment will not only strengthen Ester Industries' balance sheet but will also provide the necessary expansion capital for scaling up its capacity in business sectors where the Company thinks there is a chance to increase shareholder value.
Following the completion of this deal, Ester's management will be able to increase its attention on its core businesses of Polyester Films and Specialty Polymer industries.
Ester will continue to concentrate on developing unique and game-changing products in its Specialty Polymer business, while also enhancing the product mix in its Film business by boosting the percentage of value-added products, said the company in its press release.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.