Apar Industries has purchased the balance 169,181 equity shares of the face value of Rs 10 each of the Apar ChemateK Lubricants (ACLL), a subsidiary company, representing 2.50% and the said equity shares are transferred in the name of the company on July 22, 2014. Pursuant to this, ACLL has now become wholly-owned subsidiary (100% subsidiary) of the company.
Apar Industries is engaged in the manufacturing of transformer and specialty oils along with transmission & distribution overhead conductors. It is the second largest manufacturer of power conductors in India. The company is also engaged in the manufacture of electrical and telecom cables.
