Sandhar Technologies (STL) has entered into shareholders agreement on January 27, 2022 with Kwangsung Corporation (KSC), Kwangsung Sandhar Technologies (KSTPL) and Kwangsung Sandhar Automotive Systems (KSASPL) for the purpose of subscription/acquisition of equity shares in KSASPL.
The agreement is entered for subscription / acquisition of Equity Shares in KSASPL by company and KSC in 50:50 ratio of fresh issue. The said parties are inter-se related viz. STL and KSC are the Joint Ventures Parties of the KSTPL, having shareholding 51.05% and 48.95%, respectively. Further, KSTPL is 100% Holding Company of KSASPL. KSASPL will issue 1,18,60,000 equity shares to STL and KSC, from time to time, in one or more tranches as per applicable law.
Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc.
| Company Name | CMP |
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| Bosch | 36924.85 |
| UNO Minda | 1116.55 |
| CIE Automotive India | 477.05 |
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