Related Keywords: Indo Rama Synthetics, Itochu
Itochu Corp, a Japanese trading house who owned 3.5 percent equity stake in Indo Rama Synthetics, polyester manufactured decided to exit the company by selling off its entire equity stake in the company to the promoters, the Lohia family. The deal was for around Rs 8 crore or $1.25 million via bulk deals on the BSE.
As on December 31, 2013, the promoters of Indo Rama Synthetics owned 64.13 per cent stake in the company which has now hiked it to 67.6 per cent.
