Waldies plans an independent Virichem facility and new capacity
Wire & Cable India reports Waldies' plans for new capacity and an independent Virichem facility, focused on performance products for wires and cables.
Gillanders Arbuthnot & Company Ltd informed BSE that a meeting of its Board of Directors was held at its registered office on Thursday, 9 March 2017, to consider and approve the sale of its stake in Waldies Compound Limited (formerly Barfani Builder Limited), an Indian subsidiary of the company.
The Board approved the sale and transfer of its entire shareholding of 99.99% of the equity shares of Waldies Compound Limited.