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Uflex has completed the sale of its 82 per cent stake in Utech Developers. Consequently, Utech Developers has ceased to be a subsidiary of the company, it said in a notice to the stock exchanges.
Further, SD Buildwell Private Limited, a wholly-owned subsidiary of Utech Developers, also ceased to be the step-down subsidiary of the company. Shares of Uflex closed 1.25 per cent higher at ₹212.95 on the BSE.
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