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ICRA upgrades long-term rating of Mallcom (India) Limited Posted On: 2021-04-02 23:33:43 (Time Zone: Arizona, USA) ICRA Limited has upgraded the long-term rating for Mallcom (India) Limited s Bank Facilities to [ICRA] A- from [ICRA] BBB+ with a Stable outlook. Shares of Mallcom (India) Ltd was last trading in BSE at Rs.391 as compared to the previous close of Rs. 390. The total number of shares traded during the day was 949 in over 36 trades. The stock hit an intraday high of Rs. 400 and intraday low of 373.2. The net turnover during the day was Rs. 374012. Source: ....
Mallcom (India) Limited to acquire 100% stake in Best Safety Pvt Ltd Posted On: 2021-02-26 05:19:18 (Time Zone: Arizona, USA) The Board of Directors of Mallcom (India) Limited has approved acquisition of 100% stake in M/s. Best Safety Pvt. Ltd. (BSPL) Consequent to the acquisition, M/s. Best Safety Pvt. Ltd. becomes a wholly owned subsidiary of the Company. BSPL is engaged in manufacturing and export of safety shoes from its SEZ unit located within Falta Special Economic Zone (FSEZ). Since beginning, the entire production of BSPL is being sold through Mallcom (India) Limited (MIL) under third party export provisions. MIL is also operating from FSEZ having its existing unit as well as 100% subsidiary Mallcom VSFT Gloves Pvt. Ltd. and is engaged in manufacturing and export of PPE range of products. Since all the units are engaged in similar line of business and MIL being the sole exporting entity, it is quite natural and logical to integrate the SEZ operat ....
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Share this article Share this article ResearchAndMarkets.com s offering. The global personal protective equipment market size is expected to reach USD 123.38 billion by 2027 registering a CAGR of 9.6%. Market Growth & Trends Increasing focus on employee safety, coupled with favorable occupational safety regulations, is expected to drive the market growth over the forecast period. Rapid industrialization across the globe, particularly in developing regions, is projected to aid the penetration of personal protective equipment (PPE) in various end-use industries. Manufacturers have been investing in R&D initiatives to develop advanced products that adhere to the regulatory standards and have low external limitations. Technological advancements, coupled with changing consumer trends, have led to a drastic change in manufacturing techniques to obtain superior-quality finished products. The industry has been witnessing a rising demand for high-performance & eng ....