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Board of SVP Global Ventures decides to hive off unit for step-down subsidiary

Capital Market 

The Board of SVP Global Ventures at its meeting held on 29 June 2021 has mounted an opinion to hive off South unit of Platinum Textiles, step-down subsidiary of the company, for which the Board has constituted the Committee to foresee various avenues & methodology in the best interest of the Company to conclude the hiving off subject to necessary statutory approvals.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, June 29 2021. 09:36 IST