Time Technoplast has approved investing up to Rs. 50 Cr in Time Intercontinental Limited (TICL), acquiring up to a 65% stake.

Time Technoplast LimitedTIMETECHNO · Filed with the exchange

TICL, a new company focused on polymer trading, will become a subsidiary.

This strategic move aims to secure bulk purchase discounts on raw materials for the group, strengthening sourcing capabilities and enhancing overall profitability.

The investment is expected to create significant business synergies and boost Time Technoplast's competitive edge in the market.

Read the original filing(PDF)

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Time Technoplast has approved investing up to Rs. 50 Cr in Time Intercontinental Limited (TICL), acquiring up to a 65% stake.

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