Sandhar Technologies (STL) has executed Share Purchase Agreement to acquire 12,05,000 equity shares equivalent to 20.08% of the total issued and paid up share capital of M/s Sandhar Tooling (Investee Company) in one or more tranches from the existing Shareholders of the Investee Company.
Prior to the said acquisition STL holds 79.92% of the total issued and paid up share capital of Investee Company. The aforesaid acquisition has now been completed on January 31, 2024 and STL now holds 100% of the total issued and paid up share capital of Investee Company. Sandhar Tooling has become wholly-owned subsidiary of Sandhar Technologies.
Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc.
