Demerged Sintex Industries Shares Surge 85% On Trading Debut

Sintex Industries shares surged as much as 85 per cent to Rs 34.50 on the Bombay Stock Exchange against its opening price of Rs 18.65 after it started trading ex-scheme of arrangement with effect from today (Thursday). Sintex Industries had fixed May 26, 2017 as the record date for the purpose of determination of entitlement for allotment of equity shares of the demerged entity as per the composite scheme of arrangement. Last year i...