NK Industries has informed that the Company has purchased 100% equity of Banpal Oilchem through Share Purchase Agreement dated July 18, 2015 as a part of out of court settlement of an earlier dispute with the said entity presently pending before Civil Court. Pursuant to such investment Banpal Oilchem Private Limited has become a Wholly Owned Subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.
