Josts pays Rs 20 lakh to acquire shares in subsidiary

Jost’s Engineering Company (Josts) has paid an amount of Rs 20,00,000 on January 10, 2019, towards Share Application money to acquire the shares in the proposed Right Issue of its Subsidiary Company, namely, MHE Rentals India.

Jost’s Engineering Company is an India-based company, which is engaged in the sale of manufactured material handling equipment. The company is also engaged in the sale of traded goods-engineered products.