With this demerger plan, Sintex intends to streamline various businesses developed by the Group.
Vikram Suryavanshi, Philip Capital said now with the approvals for the demerger in place, the company will approach BSE or NSE to get the listing date on the exchanges.
Post demerger, Sintex Industries will predominantly carry the textile and spinning business, Samir Joshipura, Group CEO of Sintex told CNBC-TV18.
Plastic products manufacturer Sintex Industries shares gained nearly 8 percent intraday Friday on board approval for demerger of custom moulding and prefab segments.