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IFB Industries signs agreement with IFB Automotive towards acquisition of GAAL

20 Jul 2017 Evaluate

IFB Industries has signed an agreement with IFB Automotive towards acquisition of Global Automotive & Appliances (GAAL), Singapore and consideration money of Rs 19.99 crore paid to acquire 100% equity capital of GAAL.

IFB Industries is engaged in the business of manufacturing and trading of home appliances and fine blanking components. The company operates through two segments - Engineering and Home Appliance Products.

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