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Apcotex Industries Ltd ( (IN:APCOTEXIND) ) has provided an update.
Apcotex Industries Ltd has announced its decision to enter into a Power Purchase Agreement and a Share Subscription Cum Shareholders Agreement, acquiring a 26% stake in Opera Vayu Narmada Private Limited for INR 3.37 crore. This strategic move is expected to enhance Apcotex’s operational capabilities and strengthen its position in the energy sector. Additionally, the company has accepted the resignation of its Chief Financial Officer, Mr. Sachin Karwa, who will remain in his role during the transition period to ensure a smooth handover.
More about Apcotex Industries Ltd
Apcotex Industries Ltd operates in the chemical industry, primarily focusing on the production of synthetic rubber and latex products. The company serves various sectors, including paper, construction, and automotive industries, with a strong market presence in India.
YTD Price Performance: -15.73%
Average Trading Volume: 4,012
Current Market Cap: 16.22B INR
See more insights into APCOTEXIND stock on TipRanks’ Stock Analysis page.