Jost's Engineering Company has invested $15,000 equivalent Rs 12.37 lakh for acquiring 15000 Equity shares of Josts Engineering Inc. in USA, wholly owned subsidiary of the Company, on June 20, 2023.
Earlier, the company had received an approval for investment of Rs 50 lakh by way of subscription/acquisition of equity of Josts Engineering Inc., wholly owned subsidiary of the Company, in one or more tranches. The Board of Directors of the Company, at its Meeting held on November 14, 2022, inter-alia, approved the same.
Jost's Engineering Company operates in three divisions, including material handling division, industrial finishing division and engineered products division.
