Moneycontrol
Last Updated : Jun 08, 2016 03:08 PM IST | Source: Moneycontrol.com

Uflex shares hit 5-year high post partnership with Italian co

Under this agreement, Italian firm Comiflex SRL will manufacture gearless CI flexo printing machines at company's engineering plant in India.

 
 
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Moneycontrol Bureau


Uflex shares touched nearly 5-year high of Rs 224.40, up 4 percent intraday Wednesday after signing partnership agreement with Italian company.


Under this agreement, Italian firm Comiflex SRL will manufacture gearless CI flexo printing machines at company's engineering plant in India.


"The memorandum of understanding has already been signed between Gianfranco Nespoli, owner of Comiflex SRL and Ajay Tandon, president & CEO of engineering business, Uflex," the flexible packaging company said.


Uflex will sell these machines across the world.

At 14:49 hours IST, the scrip of Uflex was quoting at Rs 222.50, up Rs 6.65, or 3.08 percent on Bombay Stock Exchange.

Posted by Sunil Shankar Matkar

First Published on Jun 8, 2016 03:08 pm
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