Time Technoplast Ltd assures that it will repay its commercial paper due on April 16, 2026, as scheduled. The scrip code is 730408, ISIN INE508G141A7, and the company confirms adherence to SEBI regulations.

Time Technoplast has surged by 3.6%, reaching Rs 190.50, following an MoU for acquiring a 76% share in Systoverse. The acquisition of SPL's stake will be based on net asset value as stated by the companies.

Time Technoplast Limited has agreed to acquire a 76% stake in Systoverse Private Limited, bolstering its HDPE pipe sector. This move is intended to amplify TTL's market reach by utilizing SPL's facilities, tax advantages, and government subsidies.