Brief: Ester Industries Promoters Up Holding In Co To 64.04%

Ester Industries

07/09/2020 08:23

Sept 7 (Reuters) - Ester Industries Ltd  ESTR.NS :
    * PROMOTERS INCREASE HOLDING IN CO TO 64.04%
    * PROMOTERS BUY 4.91% STAKE IN CO VIA OFF-MARKET TRANSACTION
    * TO SCALE UP BOPET CAPACITIES WITH SETTING UP OF A NEW
FACILITY
    * FACILITY PROJECT'S FIRST PHASE HAS CAPITAL OUTLAY OF INR 5
BILLION
    * FIRST PHASE TO BE COMPLETED BY Q3 OF CY 2022
    * ESTER INDUSTRIES - SPECIALTY POLYMER BUSINESS ON TRACK FOR
CONSISTENT GROWTH OVER MID TO LONG TERM

Source text for Eikon:  ID:nBSEGRd79 
Further company coverage:  ESTR.NS 

 ((Reuters.Briefs@thomsonreuters.com;))