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A-1 Acid acquires 45% stake in A-1 Sureja lndustries

24 Aug 2021 Evaluate

A-1 Acid has acquired 45% stake (within the investment limit approved by shareholders in the 17th AGM) of A-1 Sureja lndustries, Partnership firm whose main object is to manufacture electric vehicles. Moreover, the government gives many incentives to e-vehicle industries. Therefore, there is higher opportunity for the expansion of business in e-vehicle industries.

A-1 Acid is a more then 4 decades old firm. They are the trader and supplier of acid-sulphuric, nitric acid. 

Peers
Company Name CMP
Redington 335.35
Adani Enterprises 2590.00
Amrapali Industries 34.25
Maxgrow India 178.70
Rashi Peripheral 801.20
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