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GEI Industrial Systems acquires 5% CCDs of wholly owned subsidiary

16 Mar 2012 Evaluate

GEI Industrial Systems has acquired 1000, 5% Compulsorily Convertible Debentures (CCDs) of face value of Rs 100,000 each amounting to Rs 10 crore of its wholly owned subsidiary - GEI Power from BTGC. The company has acquired it pursuant to its agreement with BanyanTree Growth Capital LLC, Mauritius (BTGC).

GEI Industrial Systems is known as a specialist in heat transfer technology with an unbeatable track record in the oil, gas, power and compressor business with equipment installed in all the six continents of North America, South America, Europe, Africa, Asia and Australia.

Peers
Company Name CMP
Bharat Heavy Elect. 422.00
Thermax 3364.10
Kirloskar Industries 3481.75
Skipper 541.95
INDO-MIM 1272.60
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