Rico Auto Industries has informed that the Company has purchased 12,00,000 equity shares having a face value of Rs 10 of its Subsidiary Company namely Rico Investments (RIL) from its existing shareholders at a price of Rs 10.00 per share. After this purchase, the Company holds entire (100%) Equity Share Capital of RIL and consequently, RIL has now become a Wholly Owned Subsidiary of Rico Auto Industries. Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated 9th September, 2015, it enclosed requisite details pertaining to aforesaid transaction.
The above information is a part of company’s filings submitted to BSE.
