IFB Industries to acquire stamping business, Motor Business of IFB Automotive

IFB Industries Ltd. | Consumer Durables - Domestic Appliances | Consumer Durables | BSE: 505726 | NSE: IFBIND

31 Aug 2019 Evaluate

IFB Industries has received approval to acquire as a going concern / running business, on a slump sale basis the Stamping Business and on asset purchase basis etc. the motor business from IFB Automotive at a consideration of Rs 35 crore and Rs 10 crore respectively. The Board of Directors of the Company at its meeting held on August 30, 2019 has approved the same.

IFB Industries is the premier Fine Blanker in India having Fine Blanking Presses. The product range includes fine blanked components, tools and related machine tools like straighteners, decoilers, strip loaders and others.

IFB Industries Share Price

707.85 -18.00 (-2.48%)

29-Mar-2023 18:02 View Price Chart

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