| The scrip witnessed heavy volumes of 75,000 shares and jumped 13.8 per cent to close at Rs 68.9. Now its group companies "� Flex Engineering and FCL Technologies "� will be merged into Flex Industries. This will facilitate the accumulation of resources under a single company to provide end-to-end solutions in the packaging industry. |
| The company will issue around 1.06 crore equity shares to the shareholders of Flex Engineering on a swap ratio of 2:3 and about 17.73 lakh equity shares to FCL Technologies' shareholders as per 1:3 swap ratio. |
| Flex Industries makes polyester films, BOPP films, polyfilms and laminates. While Flex Engineering manufactures packaging, printing and allied machines & structure, FCL produces polycondensation chips. |
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