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GMM Pfaudler gets nod to acquire balance 46% stake in GMMI

22 Sep 2022 Evaluate

GMM Pfaudler has received approval from the Secretary of State for Business, Energy and Industrial Strategy, United Kingdom (UK) on September 21, 2022 to acquire balance 46% shareholding in GMM International S.a.r.l (GMMI). With this transaction, GMMI will become a wholly owned subsidiary of the company.

GMM Pfaudler is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.

Peers
Company Name CMP
Bharat Heavy Elect. 417.70
Thermax 3430.00
Kirloskar Industries 3675.00
Skipper 551.00
INDO-MIM 1301.45
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