Varun Industries receives show cause notices from its Consortium Lenders

17 Oct 2013 Evaluate

Varun Industries has received show cause notices from its Consortium Lenders under the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Act, 2002. The Company is in the process of suitably addressing / responding to the same.

Varun Industries is a global conglomerate of businesses which includes stainless steel raw materials, steel ware, energy, commodity trading and agricultural products trading etc either in India or across the Globe. Stainless Steel ware enables Varun Industries to become a market leader over a decade and it has become synonymous with quality stainless steel kitchenware, cookware, house ware, gifts, and other items.

Peers
Company Name CMP
Hindustan Unilever 2334.95
Godrej Consumer Prod 1070.45
Dabur India 501.90
Colgate Palmol. (I) 2750.95
P&G Hygiene 15115.45
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