Vaxfab Enterprises has acquired 2,58,98,470 Equity Shares of the face value of Rs 1 each per Equity Share, at a price of Rs 4.63 per Equity Share (including a premium of Rs 3.63) per share, aggregating to Rs 11.99 crore for consideration other than cash (i.e. against the sale of goods) amounting of 20.51% of total post capital of Vaxtex Cotfab through private placement.
Vaxfab Enterprises had currently started trading activity of high quality insulators and different kinds of allied products. The company had diversified its business apart from insulators. It has also doing trading business of textile garments.
