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Eastern Treads gets nod for investment in Shipnext Solutions

Eastern Treads has received an approval for investment in Shipnext Solutions. The company is proposing to acquire 55% of its shareholding (14,41,550 number) of the equity shares at the agreed price of Rs 0.18 per share, amounting to Rs 2.59 lakhs. The Board of Directors of the company in their meeting held on November 09, 2018, approved the same.

Eastern Treads manufactures pre-cured tire treads, cushion compounds, gum and black vulcanizing cement.

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