Shares
of Sintex Plastics Technology focus the Exchanges today subsequent on
its demerger from Sintex Industries Ltd. The shares were trading up
by more than 5 percent on listing day. After the demerging, Sintex
Industries to carry the Textile & Spinning business and Sintex
Plastics Technology to carry plastics business. The share-holding
pattern of Sintex Plastics reflects the shareholding pattern of
Sintex Industries, with more than 30 percent equity stake owned by
the promoters.
The
Shares of Sintex Industries had advanced by more than 7 percent
yesterday, 7 August 2017, prior to the listing of Sintex Plastics
Technology. The equity shares of Sintex Plastics Technology are set
to trade in this sector for 10 trading days. The stock was trading at
Rs 124.5 on NSE, today morning.
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