STOCKWATCH

Sanmitra Commercial Ltd to Acquire 100% Stake in Tandhan Polyplast Limited for Rs. 44,61,26,985

Sanmitra Commercial Ltd has approved the acquisition of 100% of the Equity Share Capital of Tandhan Polyplast Limited for a total consideration of Rs. 44,61,26,985. Tandhan Polyplast Limited is a public limited company incorporated in 2018, engaged in the manufacturing, trading, and supply of a wide range of plastic and polymer-based products. The acquisition is strategically aimed at expanding Sanmitra Commercial Ltd's presence in the plastic and polymer-based products industry.

• Sanmitra Commercial Ltd to acquire 100% stake in Tandhan Polyplast Limited
• Total consideration of Rs. 44,61,26,985
• Tandhan Polyplast Limited specializes in polyethylene and PVC tarpaulins, canvas tarpaulins, cross-laminated sheets, silnylon, woven polyester fabrics, and other waterproofing materials
• Acquisition aimed at expanding Sanmitra Commercial Ltd's presence in the plastic and polymer-based products industry
• Tandhan Polyplast Limited operates as a buyer, seller, importer, exporter, and contractor, offering customized solutions across various segments of the plastic products industry