Anyone tracking the spinoff prima innovations ?
The parent company founder if Prima Plastics mr.Dilip Parekh seems to practically be betting his entire retirement on the spin off run by his son after the recent inter se transfer of his shares to his brother .
In turn ,it seems they got the parent company prima plastics to guarantee the spin off debt and allowed them to get loan from Kotak at 10% p a .
Also the June filing seems encouraging with margins shooting up to 10% .
Next result should be on Wednesday 30 September 2026 ,would be interesting to see how prima innovations navigates high oil prices