SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Dynamatic Technologies gets nod to acquire stake in Dynamatic Manufacturing

23 Mar 2024 Evaluate

Dynamatic Technologies (DTL) has received approval for the acquisition of 3,50,00,000 equity shares of Rs 10 each aggregating to Rs 35 crore by way of rights issue in Dynamatic Manufacturing (DML), the Wholly Owned Subsidiary of the Company.

The objective is to utilise the proceeds from the issue towards repayment of loans and advances, including trade advances, capital expenditure and general corporate purposes.  On completion of the said acquisition, DTL’s shareholding in DML will increase to 97.18% and balance 2.82% will continue to be held by JKM Erla Automotive being wholly owned subsidiary of DTL. The Board of Directors of the company, at its meeting held on March 22, 2024, has approved the same. 

Dynamatic Technologies is the largest producer of Hydraulic Gear Pumps in Asia and one of the top five worldwide. The company designs and builds highly engineered products for Automotive, Aeronautic, Hydraulic and Security applications.


Dynamatic Tech Share Price

11669.90 70.80 (0.61%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kirloskar Brothers 1704.75
KSB 976.55
Shakti Pumps (I) 555.35
Elgi Equipments 561.20
Kirloskar Pneumatic 1326.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×