India-based flexible packaging company Uflex to divest 25% shareholding of Kentucky-based Flex Films following original announcement to divest 75% shareholding of company
November 22, 2013
(Dion Global Solutions Ltd.)
– Uflex Ltd which is the flagship company of the Flex group is an India-based flexible packaging company announced that the company proposes to divest balance 25 per cent shareholding i.e., 1600 fully paid and non-assessable shares of US$ 5000 each of Flex Films (USA) Inc. (WOS Company) to same WOS Company i.e.. Flex Middle East FZE in due course of time
The company said this in a filing to the Bombay Stock Exchange (BSE) with reference to the earlier announcement dated November 22, 2013, regarding Disinvestment of 75 per cent of its Share Holding (4800 shares) in Flex Films (USA) Inc.