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Sintex-BAPL transferred its two- and four-wheeler plastic-moulded automotive components business to Plastauto for Rs 110 crore under a business transfer agreement signed March 29, 2023.
Welspun Corp, through subsidiary Mahatva Plastic Products, completed the acquisition of insolvent Sintex-BAPL for Rs 1,251 crore on March 29, 2023. The deal was made under an NCLT-approved resolution plan.