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Garware Technical Fibres Limited ( (IN:GARFIBRES) ) has issued an update.
Garware Technical Fibres Limited announced the transfer of its business undertaking in Norway to its wholly owned subsidiary, Garware Technical Fibres AS. This strategic move involves the transfer of all assets and liabilities of the Norway branch to streamline operations and enhance focus on its subsidiary. The transaction is valued at NOK 1.68 million, with the consideration being discharged through the issuance of shares in the subsidiary. This restructuring is expected to consolidate the company’s operations in Norway, potentially improving efficiency and market presence.
More about Garware Technical Fibres Limited
Garware Technical Fibres Limited is a company engaged in the manufacturing of ropes, various types of nets for applications such as fishing, sports, agriculture, aquaculture, and coated fabric. The company has been in business since 1976 and reported a standalone turnover of Rs. 148,868 Lakhs for the financial year 2024-25.
Average Trading Volume: 5,154
Current Market Cap: 90.14B INR
See more data about GARFIBRES stock on TipRanks’ Stock Analysis page.