Control Print through wholly owned subsidiary -- Control Print B.V. has entered into an agreement with Markprint B.V. incorporated in Netherlands and their shareholders in relation to acquisition of majority stake (75%) in the equity share capital of said Markprint B.V. i.e. making investment in the form of purchase of 7.50 lakh equity shares of euro 2 each (which consist of 75% of the Paid up share capital). Consequently, Markprint B.V. will become subsidiary of the Control Print.
The object of the proposed acquisition is strategic long term investment to have access to technology as well as access to European Market. The acquisition will be completed by July 31, 2022.
Control Print is a pioneer in the manufacturing of coding and marking solutions in India. Product range of the company includes Continuous Ink Jet Printer, Large Character Printer, Hot Roll Coder, Thermal Transfer Overprinter, Laser and Consumables.
Company Name | CMP |
---|---|
Netweb Technologies | 2345.35 |
DC Infotech and Comm | 232.00 |
Ducon Infra. | 6.98 |
Control Print | 858.75 |
NELCO | 718.65 |
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