Demerger to unlock value of diversified businesses of the company Sintex Industries is planning to demerger of business into two separate entities namely, Sintex Industries Ltd (Sintex) and Sintex Plastics Technology Ltd (SPTL). The shareholders of Sintex will be getting one equity share of SPTL to every equity share held in Sintex industries. The proposed demerger of business is before SEBI for its approval and process is expected to be completed by March 2017E. The demerger is expected to unlock shareholder value by separating the various business segments in different entities which is playing at high margin with significant growth rate. Sintex will carry textile & spinning business whereas, SPTL will have custom moulding and building...