Salasar Techno Engineering has emerged as the highest bidder in the acquisition of M/s EMC (under Liquidation) through an EAuction facilitated by the Liquidator, as appointed by the Hon’ble National Company Law Tribunal (NCLT), Kolkata Bench. The auction took place on March 14, 2024, with the highest bid amounting to Rs 178 crore.
The target company operates within the same industry as Salasar Techno Engineering, promising an expansion of the company's operations and the potential for synergistic benefits. The Salasar Techno Engineering will get the 100% ownership and control over the Target Company including the entire available assets and properties of the Company.
Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.
