Sintex Went Ahead with Demerger to Unlock Value- Good News for Investor

Sintex Industries announced that it will go ahead to demerge custom molding and prefab business. It will be renamed as Sintex plastic limited.

Stakeholders of Sintex Industries will get one share of Sintex Plastic limited for every share of Sintex Industries.

In due course Sintex Plastic limited will be listed too. Sintex Industries invested heavily in the last two years and it is visible through their fabulous result.

It is expected to gain the maximum from CSR. As industries come to growth path post economical growth is going to benefit the stakeholders the most.

Recent fall in share price as well as right issue at 65 INR per share is an opportunity for investor to accumulate share with medium to long term. Shares of Sintex Industries may gain heavily in 6 to 12 months.

Please stay away from F&O market

Disclaimer: Please consult your financial advisor before investing

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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.