Birla Precision Technologies receives approval to issue of 6,07,005 Equity Shares

Birla Precision Technologies has received approval to issue of 6,07,005 Equity Shares at Rs 16.24 each on preferential basis to Zenith Dye intermediates. The Board of Directors has at its meeting held  22nd February, 2019 has considered & approved the same. 

Birla Precision Technologies (BPT), the erstwhile Birla Kennametal, was established in 1986, as a joint venture company between Yash Birla Group (YBG) and Kennametal Inc, USA In July 2007. YBG acquired the stake of Kennametal in the JV consequent upon which Birla Kennametal was renamed as “Birla Precision Technologies” (BPT).