Corporate News     21-Jul-23
Board of Ramkrishna Forgings approves acquisition of auto entities
At meeting held on 21 July 2023
The Board of Ramkrishna Forgings at its meeting held on 21 July 2023 has approved the following investments proposals -

1. Acquisition by way of purchase of: (i)12,58,990 equity shares of Multitech Auto (MAPL), constituting 100% of the total issued and paid up capital of MAPL from the existing shareholders of MAPL i.e Atul Dua and Poonam Dua; and (ii) 1 (one) share of Mal Metalliks (a wholly subsidiary of MAPL) from Atul Dua, both for an aggregate cash consideration of Rs 205 crore.

2. Acquisition by way of purchase of 60,000 equity shares of Mal Auto Products (MAPPL), constituting 100% of the total issued and paid up capital of MAPPL from the existing shareholders of MAPPL i.e Atul dua (HUF), Atul Dua and Poonam Dua for an aggregate cash consideration of Rs 7 crore.

Previous News
  Ramkrishna Forgings schedules board meeting
 ( Corporate News - 01-Jul-23   10:40 )
  Ramkrishna Forgings fixes record date for stock split
 ( Market Beat - Reports 26-Feb-22   14:18 )
  Ramkrishna Forgings allots 11,910 equity shares under ESOP
 ( Corporate News - 02-Jun-23   11:52 )
  Ramkrishna Forgings to hold board meeting
 ( Corporate News - 24-Apr-24   13:50 )
  Ramkrishna Forgings bags significant business contract in North America
 ( Corporate News - 14-Aug-23   09:14 )
  Ramkrishna Forgings allots 21,755 equity shares under ESOP
 ( Corporate News - 20-Jun-23   19:09 )
  Ramkrishna Forging bags $13.65 mln deal for components in North America
 ( Hot Pursuit - 14-Aug-23   08:46 )
  Ramkrishna Forgings sizzles after order win
 ( Hot Pursuit - 28-Dec-21   10:47 )
  Ramkrishna Forgings reports standalone net loss of Rs 4.13 crore in the September 2016 quarter
 ( Results - Announcements 12-Nov-16   17:20 )
  Ramkrishna Forgings schedules AGM
 ( Corporate News - 29-Apr-23   12:23 )
  Ramkrishna Forgings allots 500 equity shares under ESOP
 ( Corporate News - 09-Feb-22   15:28 )
Other Stories
  IIFL Securities to hold AGM
  15-Jul-24   20:14
  Sonata Software to convene AGM
  15-Jul-24   20:14
  Shine Fashions (India) AGM scheduled
  15-Jul-24   20:14
  Hazoor Multi Projects receives credit ratings for bank facilities
  15-Jul-24   18:56
  The Anup Engineering allots 13,000 equity shares under ESOP
  15-Jul-24   18:55
  JNK India to supply regeneration furnace for refinery project in USA
  15-Jul-24   18:43
  Kalyani Steels director resigns
  15-Jul-24   18:42
  Artson Engineering signs brand equity and business promotion agreement with Tata Sons
  15-Jul-24   18:14
  Board of Ujaas Energy approves bonus issue of 1:4
  15-Jul-24   18:10
  Kirloskar Industries allots 18,789 equity shares under ESOP
  15-Jul-24   18:02
Back Top