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Windsor Machines enters into investment agreement with R Cube Energy

05 Feb 2018 Evaluate

Windsor Machines has entered into an investment agreement on February 2, 2018 with R Cube Energy Storage Systems LLP (R Cube Energy) for making strategic investment to develop Energy Storage Solution Systems.

As per the agreement, the company shall acquire 55% partnership interest in R Cube Energy. The Investment Agreement is subject to the approval of shareholders, through Postal Ballot process, to amend the main object clause of the Memorandum of Association of the company.

Windsor Machines is engaged in the business of manufacturing plastic processing machinery, which includes pipe extrusion, blow film extrusion and injection molding machines.



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