MoneyWorks4Me

Apar Industries acquires balance 2.50% equity stake in ACLL

23 Jul 2014 Evaluate

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.

Peers
Company Name CMP
Waaree Energies 2555.00
Apar Industries 16051.80
Havells India 1123.80
Suzlon Energy 41.92
Siemens 3625.00
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