Dynamatic Technologies has executed an SPA on August 08, 2022, for making additional investment in Dynamatic Manufacturing (DML), subsidiary of the company by way of purchase of 6,15,567 equity shares from the existing shareholder Eisenwerk Erla GmbH (EEL), subsidiary of the Company, consequent to which the increase of the direct shareholding of the Company in DML will enhance from 33.03% to 57.65%. The balance shareholding of 42.35% is held through JKM Erla Automotive (JEAL) being a wholly owned subsidiary of the Company. The aforesaid investment is being made with an intent to have a lean organizational structure by acquiring shares from the existing shareholder of DML, being the Company's foreign subsidiary. The consideration would be in cash and paid through banking channels.
Dynamatic Technologies is the largest producer of Hydraulic Gear Pumps in Asia and one of the top five worldwide. The company designs and builds highly engineered products for Automotive, Aeronautic, Hydraulic and Security applications.
| Company Name | CMP |
|---|---|
| Kirloskar Brothers | 1764.10 |
| KSB | 966.60 |
| Shakti Pumps (I) | 573.95 |
| Elgi Equipments | 549.00 |
| Kirloskar Pneumatic | 1264.85 |
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