At meeting held on 23 June 2015
VHCL Industries announced that the Board of Directors of the Company at its meeting held on 23 June 2015, approved the following business -The interest from Max Apex, Hong Kong in taking an equity position to the extent of Rs 50 crore in only the plastic division of the Company was accepted. The board agreed to initiate immediate steps to demerge the plastic division into a separate listed entity in order to facilitate this investment.
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