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Tecpro Systems to acquire 100% paid up share capital of Tecpro Ispat

15 Feb 2013 Evaluate

Tecpro Systems has received an approval to acquire 100% paid up share capital of Tecpro Ispat for a total consideration of Rs 1 lakh only, thereby making it a wholly owned subsidiary of the company. The board of the company at its meeting held on February 14, 2013 has approved for the same.

Tecpro System provides comprehensive range of services in coal handling and Ash handling, balance of plant packages for power sector and material handling to steel, cement, ports and mining and other industries in infrastructure sector.

Peers
Company Name CMP
Bharat Heavy Elect. 423.00
Thermax 3462.85
Kirloskar Industries 3678.25
Skipper 568.00
INDO-MIM 1251.30
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