Nagpur Power & Industries has informed that Telemetrics Equipments is a Wholly Owned Subsidiary of The Motwane Manufacturing Company (MMCPL). The Motwane Manufacturing Company is a material subsidiary of Nagpur Power And Industries (the company). Telemetrics Equipments has complementary product line which shall create synergy in business operations with improved performance across domestic & export markets. The proposed scheme of merger & amalgamation along with related documents shall be placed before the Board of Directors of the companies at a board meeting for their approval. The scheme, if approved, shall be subject to all requisite approvals and shall be governed by the provisions of Companies Act, 2013 and other applicable laws and regulations. This is subject to approval from Board of Directors of both the companies.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Indian Metal & Ferro | 1566.85 |
| Maithan Alloys | 1036.10 |
| Nava | 704.50 |
| Indsil Hydro Power | 41.30 |
| Shyam Century | 5.61 |
| View more.. | |
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