PG Electroplast’s wholly owned subsidiary -- PG Technoplast (PGTL) has acquired 100% stake in Next Generation Manufacturers i.e. 10,000 equity shares and 1,50,000 0% Compulsorily Convertible Debentures. Consequently, NGM has become a Wholly Owned Subsidiary of PGTL.
Objects of acquisition are to avail physical infrastructure (Land, Building, Plant & Machinery), acquire manufacturing business of NGM for growth and expansion and to become a preferred outsourcing vendor for Consumer Durables and Electronics Business of Amstrad Brand.
PG Electroplast is a trusted one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing to most leading consumer durable and electronics brands in India.
