Time Technoplast buys 74 pc in NED Energy

Polymer products maker Time Technoplast Ltd said on Monday it has bought a 74 per cent stake in battery maker NED Energy Ltd for an undisclosed sum.

NED's enterprise value is estimated at Rs 650 million and Time Technoplast has the option of buying out the balance 26 per cent from the promoters, it said in a statement.

(Source: Economic Times)