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Solitaire Machine Tools’ arm planning to merge with the company

23 Mar 2018 Evaluate

Solitaire Machine Tools’ wholly owned subsidiary -- Shruchi Manufacturing is planning to adopt Scheme of merger with the company.

The board of directors in their meeting held on March 31, 2018 will consider the same.

Solitaire Machine Tools, is a leading manufacturer of Precision Centerless Grinders in India. The company has been working as an exclusive licensee of Cincinnati Milacron, USA.

Peers
Company Name CMP
Bharat Heavy Elect. 434.70
Thermax 3270.50
Kirloskar Industries 3399.90
Skipper 520.95
INDO-MIM 1165.40
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