National Fittings has received an approval to acquire the equity shares of Merit Industries from its promoters and other shareholders making it a 100% wholly owned subsidiary. The board of directors at its meeting held on November 13, 2017 has approved for the same.
Merit Industries is currently operating in the field of engineering and operating iron cast foundry in India.
National Fittings is engaged in manufacturing and marketing spheroidal graphite (SG) iron grooved and screwed pipe fittings, stainless pipe fittings and ball valves for industrial and nonindustrial applications.
