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RMC Switchgears divests entire stake in subsidiary

03 Oct 2019 Evaluate

RMC Switchgears has divested/ sold its entire investment in equity shares of its wholly owned Subsidiary i.e. Explora IOT Solutions. Accordingly, Explora IOT Solutions ceases to be a Subsidiary Company of RMC Switchgears.

RMC Switchgears is primarily engaged in the business of designing and manufacturing of, Enclosures of Energy Meters, LT/HT Distribution Boxes and Panels, Junction Boxes, Feeder Pillars and other Power Distribution and Circuit Protection Switchgears made from Mild Steel, Stainless Steel in Fabrication and Deep Drawn Process along with Sheet Moulding Compound and Bulk Moulding Compound (DMC) materials.

Peers
Company Name CMP
Waaree Energies 2437.00
Apar Industries 14082.25
Havells India 1122.95
Suzlon Energy 38.80
Siemens 3555.00
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