RecentlySintex Industries has been in the news for potential delisting. Reliance and Assets Care & Reconstruction Enterprise (ACRE) submitted a bid for acquiring Sintex industries and the Committee of Creditors (CoC) of Sintex Industries has accepted the bid. Reliance-ACRE have proposed that post the acquisition, they will delist the shares of Sintex Industries.
Mostly, mergers with another company, amalgamation, or non-performance are a few reasons for voluntarily delisting. If you own a stock of the company that has opted for voluntary delisting, the company is required to give you two options as per the delisting guidelines laid out by SEBI:
Promoter or acquirer will buy back the shares through a reverse book building process. Promoters are required to make a public announcement of buyback by sending out a letter of offer to eligible shareholders and a bidding form.
The delisted share can be hard to sell as there will be no buyers. However, when you wish to sell in the over-the-counter market, all you need is patience. It can take a long time to find the buyer who is willing to buy at the desired price.
In May 2021, the company came down to levels of Rs 88-89 per share. The indicative Vedanta delisting offer price was Rs 87. That does not mean that the company will buy the shares from its shareholders only at this price.
Companies have to go for special voting, and shareholders including retail shareholders can also participate in the same. As shareholders disagreed on the valuation of the company, Vedanta failed to delist.
Involuntary delisting refers to the forced removal of listed company shares from the stock exchange for various reasons including non-compliance with the listing guidelines, late filing of reports, and low share price.
In this case, promoters are required to buy back the shares at the value determined by an independent evaluator. Though delisting does not affect your ownership, shares may not hold any value post-delisting.
Simply put, there are no benefits of delisting from a stock exchange. There are certain regulations and compliances that a listed company has to follow. This includes compulsorily publishing its financial statements and quarterly reports and conducting AGM every year within a time period.
In the case of Sintex Industries, Reliance mentioned that as per the Resolution Plan of Reliance Industries Limited jointly with Assets Care & Reconstruction Enterprise Limited it is proposed that the existing share capital of the company will be reduced to zero and the company will be delisted from the stock exchanges i.e. BSE and NSE.
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Sintex Plastics Technology Ltd. was incorporated in the year 2015. Its today's share price is 1.05. Its current market capitalisation stands at Rs 66.8 Cr. In the latest quarter, company has reported Gross Sales of Rs. 9.6 Cr and Total Income of Rs.12.8 Cr. The company's management includes Rajesh B Parikh, Mamta Tripathi, Yogesh Chhunchha, Bhavan Trivedi, Dinesh Khera, Rahul A Patel, Amit D Patel.
It is listed on the BSE with a BSE Code of 540653 , NSE with an NSE Symbol of SPTL and ISIN of INE501W01021. It's Registered office is at Premises Of Sintex- Bapl,Near Seven Garnala,KalolGandhinagar-382721, Gujarat. Their Registrars are K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.) It's auditors are BSR & Associates LLP, Prakash Tekwani & Associates, R Choudhary & Associates
The Sintex water tank is a go-to option for people around the world looking for sustainable, high-quality, and health-friendly water storage options for their household or commercial use. The global water storage system market carried a valuation of $16.5 billion in 2022. The market is growing with a CAGR of 8.7% and is expected to achieve a valuation of $25.1 billion by 2027. Explore Sintex Water tank and discover competitive Sintex water tank price to fulfill your water storage needs sustainably. Despite being such a giant industry, there are very few water tank manufacturers who promise quality and health-friendly water storage systems. In such a scenario.
Sintex Water Tank is one of the largest water tank manufacturers in the world along with the largest corduroy fabrics manufacturer in Asia. The company was established in the year 1931 and has been delivering water storage facilities with excellence to customers coming from different corners of the world. Their high-quality water tanks and commitment to health-friendly products have led them to serve the international markets of Asia, Europe, USA, Africa, France, Germany, and more.
Freedom, Integrity, Excellence, and Responsibility are the core values at Sintex that encourage them to impart innovation in water storage facilities. All the products at Sintex are designed to take care of human health as water is stored in the tank for a long time and can not be cleaned daily. Multilayer water tanks and products at Sintex ensure that minimal impact of external weather on water as well as preventing the UV rays from coming in contact with the water.For reliable access to water Tanks, connect with authorized Sintex Water Tank distributors. Experience excellence in water storage solutions with Sintex.
Sintex manufactures and sells water tanks of a wide range of capacities, with a starting sintex water tank price of Rs. 1100 to Rs. 3,25,000. The products come in with a variety of specifications including the number of layers. Here are the prices of some of the most sold water tanks by Sintex-
Different types of Sintex Water storage solutions have different dimensions according to their capacities and uses. Have a look at the dimension table for different water storage solutions by Sintex, including the Sintex water tank dimensions.
There can be multiple water tank manufacturers around the world. However, the unique selling proposition of Sintex Tank lies in the features of its products and the Sintex water tank price. The vision of Sintex behind manufacturing their products is not only to store huge amounts of water but also to make sure that the water being stored in the tank remains in its healthiest form. For the same, it minimizes the contact of water with the external environment. Here are some of the features that Sintex offers with its water tanks-
Here is the list of Sintex water tank distributors you can contact according to your region to get the best water storage solutions for your household, commercial, and all other purposes.
Having chosen the right water tanks for healthy and safe storage of your water, it is time to care for your tank. Nova water tanks not only increase the life of tanks but enhance the health index of your water by cutting the direct contact of water to external harmful components including Sintex water tank price. Have a look at the benefits of Nova water tank covers-. Have a look at the benefits of Nova water tank covers-
Whether it is extreme cold or scorching hot, Nova water tank covers are designed with temperature control technology. The water inside the tank remains at the right temperature without any energy utilization. These covers are designed perfectly to minimize the impact of external weather on the water to keep it at a comfortable temperature.
The scorching heat might cause the plastic water tank to hazardous level which may impact the overall water quality. As the plastic remains fresh and cool, the chances of harmful substances getting dissolved in the water decrease which keeps the water fresh for a significantly longer period.
Nova water tank covers are very lightweight and thus the installation process is very easy. Two family members are enough to install the cover over any tank which eliminates the need for an expert after every period. At the same time, these covers are reusable which allows you to use the same cover on newer tanks.
Sintex water tanks are a great choice as water storage solutions for buildings, common households, offices, and every other premises. Different capacity and layer categories provide sufficient choices to the users to choose the perfect tank according to their requirements and budget. Further, the Nova water tank covers are add-ons to the life Sintex tanks. Along with increasing the life of tanks, it keeps the water fresh and healthy for a longer duration of time.
Answer: The price range of Sintex Water Tanks starts from Rs. 1100 and goes up to Rs. 3,25,000. The price of Sintex water tanks depends on factors such as capacity, material, and features. For accurate pricing information, we recommend contacting your nearest authorized Sintex distributor or visiting our official website for the latest pricing details.
Answer: Sintex offers a wide range of water tank sizes to suit different requirements. Our tanks come in various capacities, ranging from small household tanks to large industrial tanks. For specific dimensions and capacities, please refer to our product catalog or contact your local Sintex distributor for assistance.
Answer: Yes, Nova Water Tank Covers are the best and most durable option to insulate the Sintex water tank from heat. Nova water tank covers protect the stored water from contamination and external elements in Sintex Water Tanks. The covers are designed to fit snugly over the tank openings, ensuring the safety and hygiene of the stored water.
Answer: Yes, Sintex offers warranty coverage on its water tanks, assuring quality and durability. The warranty period may vary depending on the specific product and terms of purchase. For detailed warranty information, we recommend referring to the warranty policy provided with your Sintex Water Tank or contacting your authorized distributor for assistance.
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