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.
