K&R Rail Engineering has received an approval for the investment in Robsons Engineering & Constructions (Robsons or Target Company) to acquire 100% of the equity share capital of the Target company from its existing shareholders.
Upon acquisition, the company will add other construction activities related to construction of roads, bridges, railway tracks and railway sidings as contractors or labour contractors or otherwise. The acquisition is in line with the company's strategic intent of entering into new adjacent categories in the line of construction business. The acquisition of 100% equity shareholding is expected to be completed on or before March 31, 2023. The Board of Directors of the Company in its meeting held on February 13, 2023 has approved the same.
K&R Rail Engineering is engaged in the business of manufacturing handmade, knotted, tufted carpets, druggets, readymade garments, hosiery, and bath rugs.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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