Endurance Technologies has acquired 51% of the equity share capital of Maxwell, through a combination of primary issuance and secondary purchase. Consequent to above, Maxwell has become a subsidiary of the company. Balance 49% stake of Maxwell shall be purchased in a phased manner in five tranches, spread over the next five financial years.
Endurance Technologies manufactures aluminium casting (including alloy wheels), suspension, transmission and braking products. The company’s products include aluminium casting, which offers high pressure die castings, low pressure die castings, gravity die castings.
