Sandhar Technologies has acquired 11,95,000 equity shares equivalent to 19.92% of total issued and paid up share capital of M/s Sandhar Tooling from M/s Stitch Overseas. Accordingly, the Shareholding of the Company in the investee company post said acquisition is 99.84% of the total issued and paid up share Capital of the M/s Sandhar Tooling.
Further, the remaining 10,000 Equity Shares equivalent to 0.16% of total issued and paid up Share Capital of Investee Company, as and when acquired from the existing shareholder of the Investee Company, will be intimated.
Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc.
