Ramkrishna Forgings has entered into an agreement for the acquisition of Globe Forex and Travels subject to fulfillments of the conditions mentioned in the agreement.
Globe Forex and Travels is engaged in the business of travel and travel related services provided to the public at large both national and international. The company is a member of IATA and is entitled to sell the tickets and book flights on various airlines operating in and out of India. The company is also entitled to use the present Galileo system of reservation of tickets and is entitled to sell such tickets to the public at large and is having a turnover of Rs 159.85 crore as on March 31, 2012.
Ramkrishna Forgings undertakes turnkey development of forgings and stampings from raw samples. It also designs and develops special dies for customers. The company exports its products to Germany, USA, Mexico, Brazil, Bangladesh, Sri Lanka and Japan.