What is sintex share?

What is sintex share?

share price was Rs 7.80 as on 21 Mar, 2022, 03:59 PM IST. Sintex Inds. share price was down by 4.88% based on previous share price of Rs. 8.2.

Is sintex share a good buy?

As on N/A SINTEX Share Price closed @ N/A and we RECOMMEND N/A for LONG-TERM with Stoploss of N/A & N/A for SHORT-TERM with Stoploss of N/A we also expect STOCK to react on Following IMPORTANT LEVELS.

Will sintex share become zero?

“Sintex Industries vide its announcement dated March 20, 2022, informed the Exchange regarding approval of the resolution plan by the Committee of Creditors’ members… which proposes that existing share capital of the Company shall be reduced to zero and the Company will be delisted from the stock exchanges,” said BSE …

What happens to my sintex share?

The stock exchanges BSE and NSE have suspended trading in Sintex Industries as no buying or selling will be allowed in the stock from Tuesday, March 22, 2022. The announcement comes as Reliance Industries-ACRE won bid to acquire Sintex Industries and proposed to delist Sintex shares.

What is the news about Sintex?

SINTEX INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2022 ,inter alia, to consider and approve the Audited Financial Results (Standalone and Consolidated) for the Fourth quarter and year ended 31st March, 2022.

Who is buying sintex?

Reliance-ACRE joint bid to acquire the Sintex Industries Ltd, which is undergoing an insolvency process, was approved by the lenders on Sunday. The Rs 3,651 crore bid is part of the plan which will see the share capital of the beleaguered textile company reduced to zero.

What is the future of Sintex?

“In the above circumstances and to avoid market complications, trading in the securities of Sintex Industries Limited will be suspended with effect from March 22, 2022.” The assets of the company are being acquired by Reliance Industries jointly with Assets Care & Reconstruction Enterprise Limited.

Who is buying Sintex?

Will sintex recover?

No chance of recovery, Sintex lenders in talks with three players to sell firm. State-owned Punjab National Bank is the lead lender to Sintex Industries.

Why is sintex not trading?

Shares of Sintex Industries will be delisted from the exchanges following the approval of the insolvency resolution plan by the members of the committee of creditors (CoC). Reliance Industries-ACRE had won the bid to acquire the debt-ridden textile company on March 20.

What is the future of Sintex Industries?

What is the problem with Sintex?

How Is the Insolvency Playing Out? Sintex Industries failed to honour its debt repayment of more than Rs 7,000 crore to a consortium of lenders led by Punjab National Bank (PNB) in 2021.

Why is Sintex not trading?

Who will buy Sintex?

Reliance Industries
Reliance Industries, ACRE wins bid to acquire Sintex Industries, proposes to delist from BSE, NSE. Insolvency proceeding against Sintex Industries was initiated in April last year. Claims of around Rs 7,500 crore has been admitted against the company.

What is the share price of Sintex in India?

Sintex Inds. share price was Rs 9.80 as on 08 Feb, 2022, 03:54 PM IST. Sintex Inds. share price was up by 4.81% based on previous share price of Rs. 9.45. In last 1 Month, Sintex Inds. share price moved down by 44.00%.

What is the market cap of Sintex plastics tech stock?

Within the Plastics sector, Sintex Plastics Tech stock has a market cap rank of 18. Sintex Plastics Tech has a market cap of Rs 489.84 Cr.

What is the history of Sintex Industries?

Sintex Industries Ltd., incorporated in the year 1931, is a Small Cap company (having a market cap of Rs 58.82 Crore) operating in Textiles sector.

What are the divisions of Sintex?

Sintex Industries Ltd has two divisions – textiles and plastics. In the area of textiles, the company has been pioneers in high value fabrics.manufactures wide range of plastic products catering to various segments like construction, interiors, Industries and consumers.