PPAP Automotive acquires 60% stake in Elpis Components Distributors

PPAP Automotive Ltd. | Auto Ancillary | Automobiles | BSE: 532934 | NSE: PPAP

14 Nov 2019 Evaluate

PPAP Automotive has acquired 60% stake in Elpis Components Distributors, thereby making its associate company as wholly-owned subsidiary of the company. Elpis Components Distributors is acquired to enhance its presence in automotive components and accessories industry.

PPAP Automotive is a leading manufacturer of high quality automotive sealing systems and exterior products in India. PPAP has an experienced engineering team, which is capable of designing and manufacturing products based on customer specifications.

Peers

Company Name	CMP
SamvardhanaMotherson	164.50
Tube Investments	2580.40
Bosch	47711.40
UNO Minda	1223.50
Bombay Burmah Trdg.	1449.80
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.