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GG Dandekar Machine Works gets nod for SPA to be entered with Casper Trading

20 Mar 2013 Evaluate

GG Dandekar Machine Works has received an approval for share purchase agreement (SPA) to be entered into with Casper Trading, re-registered under British Virgin Islands, for sale of its investments, made in the share capital of G G Dandekar Investments, wholly owned subsidiary of the company. The board at its meeting held on March 20, 2013 has approved for the same.

GG Dandekar Machine Works manufactures Rice Mill Machinery in Bhiwandi about 30 kms from Mumbai. The company enjoys the leading position in this field.

Peers
Company Name CMP
Bharat Heavy Elect. 434.00
Thermax 3550.45
Kirloskar Industries 3695.90
Skipper 565.95
INDO-MIM 1057.85
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