Ramkrishna Forgings has received an approval for acquisition by of purchase of 60,000 (sixty thousand) equity shares of Mal Auto Products (MAPPL), constituting 100% of the total issued and paid up capital of MAPPL from the existing shareholders of MAPPL i.e Atul dua (HUF), Atul Dua and Poonam Dua for an aggregate cash consideration of Rs 7 crore. The Company is making this acquisition to expand and grow its business. The Board of Directors 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.
