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Sat Industries to hike stake in Aeroflex Industries

16 Oct 2019 Evaluate

Sat Industries has received an approval for further acquisition of 67,01,300 equity shares having face value of Rs 10 each of Aeroflex Industries. With this acquisition, the present holding/control will be increased from 69.39% to 98.70%.

The Board of Directors of the company at their meeting held on October 15, 2019, approved the same.

Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.

Peers
Company Name CMP
Redington 358.60
Adani Enterprises 2736.00
Amrapali Industries 34.77
Maxgrow India 178.35
Rashi Peripheral 697.90
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