Rico Auto Industries purchases remaining stake in subsidiary

Rico Auto Industries Ltd. | Auto Ancillary | Automobiles | BSE: 520008 | NSE: RICOAUTO

09 Jul 2021 Evaluate

Rico Auto Industries 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.

Rico Auto Industries is a world-class engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe.

Peers

Company Name	CMP
SamvardhanaMotherson	164.50
Tube Investments	2587.05
Bosch	47711.40
UNO Minda	1223.50
Bombay Burmah Trdg.	1450.50
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
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.