Brief: Sybly Industries to undertake de-merger and amalgamation

Sybly Industries

19/12/2016 06:28

Dec 19 (Reuters) - Sybly Industries Ltd  SYBL.BO : 
    * co to undertake de-merger and amalgamation to concentrate 
on core business of manufacture of polyester yarn 
    * says in  1st phase all investments ,interest free loans 
given to unit  which do not pertain to core activities , shall 
be hived off from SIL 
    * in second phase, Vartex Fabrics Pvt Ltd and Dux Textiles 
Pvt Ltd shall be amalgamated with leftover SIL 
    * says amalgamation of DTPL, VFPL with SIL is being done to 
reduce outstanding balances of SIL 
 
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Further company coverage:  SYBL.BO  
 
 (Bengaluru newsroom) 
 ((Reuters Messaging: Bangalore.newsroom@thomsonreuters.com))