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Nagpur Power increases stake in ‘The Motwane Manufacturing Company’ to 70.64%

29 May 2015 Evaluate

Nagpur Power & Industries has acquired additional 54,303 equity shares via subscription to the Right Issue of its subsidiary ‘The Motwane Manufacturing Company’. The company has received a letter from the subsidiary stating that a total of 54,303 equity shares have been allotted to the company thereby increasing the company’s shareholding from 67.07% to 70.64% in the subsidiary.

Nagpur Power & Industries is an India-based company. The company is engaged in the manufacture of high-carbon ferro manganese, high-carbon silico manganese and medium-carbon ferro manganese.


Nagpur Power & Inds. Share Price

156.10 8.10 (5.47%)
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