Kranti Industries (KIL) has entered into Memorandum of Understanding (MoU) on March 01, 2023 with the Existing shareholders of the Preciso Metall (PMPL) to invest by way of acquisition of equity shares of PMPL which is engaged in the business of shell moulding, casting & other allied activities.
The company has agreed to acquire 55% of the total equity shares of the PMPL in a phased manner. It will acquire around 19% of equity shares from the existing shareholders of PMPL in March 2023. In April 2023, will acquire balance 36% of Equity Shares.
Kranti Industries is engaged in the business of manufacturing and supplying of precision machined components.
