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Lakshmi Machine Works gets nod to merge LMW Machinery with itself

10 May 2013 Evaluate

Lakshmi Machine Works has received an approval from High Court of Judicature at Madras on April 26, 2013 for merger of LMW Machinery (wholly owned subsidiary) with itself with effect from April 01, 2012.

Lakshmi Machine Works is engaged in the manufacture of textile machinery, machine tools and foundry products. LMW commands a 60% market share in the domestic textile spinning machinery industry.

Peers
Company Name CMP
LMW 16570.45
Lohia Corp 552.10
Stovec Industries 1602.00
Veejay Lakshmi Engg 38.75
Indian Card Clothing 182.00
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