Delta Manufacturing has incorporated wholly owned subsidiary namely ‘MMG Ferrites’(MFPL). MFPL will undertake business as manufacturers and dealers in Soft Ferrite, Electronic instruments, Electronic and Electric Equipment, Electronic Components, Magnetic Tapes etc.
MFPL is intended to be the joint venture company between PREMO, S.L. and the Company to undertake the aforesaid business. The cost of acquisition is Rs 10 lakh for acquiring 1,00,000 equity shares at a face value of Rs 10.
Delta Manufacturing is a leading hard ferrite magnet (Anisotropic & Isotropic) manufacturer based in India.
