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Uflex Ltd has informed the exchanges that it proposes to divest its 100 per cent shareholding in UPET Holdings Ltd (WOS), Mauritius, to another WOS company, i.e., Flex Middle East FZE, Dubai, in one or more tranches. The company has already divested 16.67 per cent stake in UPET Holdings and received the sale consideration. The company, however, did not disclose the amount it received through the deal. Shares of Uflex edged up 1.6 per cent at ₹153 on the NSE.
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