Modulex Construction Technologies has received an approval to buy equity shares of Give Vinduet Windows and Doors (GVWDPL) in FY 2019-20 and 20-21 by way of a Preferential Allotment and pricing as determined by the BSE. The Board of Directors at its meeting held on February 18, 2019, approved the same.
The Board also approved granting of Corporate Guarantee in favour of Give Vinduet Windows and Doors (GVWDPL) to issue Compulsorily Convertible Debentures (CCDs) worth Rs 15 crore and interest of approximately Rs 3 crore.
Modulex Construction Technologies is a manufacturer of Magnetic Strips Wound Cores, Motor / Transformer Laminations.
