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    HomeNewsBusinessStocksPolyplex up 4%, completes acquisition of Peninsula Beverages

    Polyplex up 4%, completes acquisition of Peninsula Beverages

    The company has acquired this stake from its wholly owned subsidiary Polyplex (Asia) Pte, Singapore.

    September 16, 2016 / 11:09 IST

    Moneycontrol BureauShares of Polyplex Corporation surged 4.3 percent intraday Friday as it has completed acquisition of entire equity stake in its step down subsidiary Peninsula Beverages and Foods.The company has acquired this stake from its wholly owned subsidiary Polyplex (Asia) Pte, Singapore.With this acquisition Peninsula Beverages has become direct wholly owned subsidiary of the company.The company's 31st annual general meeting (AGM) will be held on September 29, 2016.At 10:55 hrs Polyplex Corporation was quoting at Rs 297.20, up Rs 9.70, or 3.37 percent on the BSE.Posted by Rakesh Patil

    first published: Sep 16, 2016 11:08 am

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