Time Technoplast divests Polish subsidiary Novo Tech
Divestment is part of restructuring exercise for its overseas business and focus on Asia and MENA region
Nova Tech has been valued at approximately Euro 11 million as against company's investment of approximately Euro 2 million.
“The move is part of restructuring of its overseas business to build further in its core competence and maintaining geographical focus on Asia and MENA region,” said Time Technoplast in a BSE filing.