RR Metalmakers India has received approval for the proposal for divestment of 100% equity stake/investment held in its wholly owned subsidiary company, RR Lifecare, to the promoters group Company i.e RKB Global. The company, is holding 5,00,000 equity shares, constituting 100% paid up & issued capital of RR Lifecare. RR Lifecare is not a matterial subsidiary of the company. After the proposed transaction, RR Lifecare will no longer be a subsidiary of the Company. The company's Board of Directors, at its meeting held on September 16, 2022, inter alia, considered and approved the same.
RR Metalmakers India deals mainly in cereals, pulses and onion export. Its products exported worldwide are of superior quality.
