Ramkrishna Forgings has received an approval for acquisition by way of purchase of 12,58,990 equity shares of Multitech Auto (MAPL), constituting 100% of the total issued and paid up capital of MAPL from the existing shareholders of MAPL i.e Atul Dua and Poonam Dua; and 1 share of Mal Metalliks (a wholly subsidiary of MAPL) from Atul Dua, both for an aggregate cash consideration of Rs 205 crore. The Company is making this acquisition to expand and grow its business. The Board of Directors of the company at its meeting held on July 21, 2023 has approved the same.
Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.
