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Menon Pistons informs about investment

06 May 2021 Evaluate
Menon Pistons has informed that the Company has entered into a Share Purchase Agreement with the promoters of Rapid Machining Technologies for the purchase of 4,49,273 Equity shares of Rs 10 each which amounts to 100% of the paid up capital of the Company. The said Investment is within the authorisation limit of Rs 12,00,00,000. Rapid Machining Technologies would be a wholly owned subsidiary of the Company.

The above information is a part of company’s filings submitted to BSE.
Peers
Company Name CMP
SamvardhanaMotherson 160.00
Tube Investments 2200.00
Bosch 45452.80
UNO Minda 1110.20
Bombay Burmah Trdg. 1247.40
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