Kranti Industries has entered into Share Purchase Agreement (SPA) with Vivek Nilkanth Deshmukh (Existing Shareholder of Preciso Metall) for acquiring total of 55% issued equity shares of Preciso Metall (PMPL) by way of transfer process in an agreed phase manner.
The company with object to expand in new line of business by exploring resources and to access new market opportunities by establishing a strategic partnerships or alliances with Preciso Metall in area of shell, moulding, casting and other allied sector. Further, on effect of acquiring the total of 55% equity share capital of PMPL, PMPL shall become a subsidiary of the company.
Kranti Industries is engaged in the business of manufacturing and supplying of precision machined components.
