Brief: Pasupati Acrylon approves proposal to diversify into flexible packaging business
23/05/2016 07:16
May 23 (Reuters) - Pasupati Acrylon Ltd PASA.BO : * Says approved a proposal to diversify into a flexible packaging business by installing a 5000 tpa integrated cast polypropylene (cpp) film plant * Source text: Pasupati Acrylon Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2016, has 1. The Board noted that the Company's CDR tenure ended on March 31, 2016. The Company has paid entire Term Loan and Working Capital Term Loan restructured under CDR. 2. The Board approved a proposal to diversify into a Flexible Packaging business by installing a 5000 TPA Integrated Cast Polypropylene (CPP) Film Plant. * Further company coverage PASA.BO ((Bengaluru Newsroom; +91 80 6749 1130))
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