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Delta Manufacturing incorporates wholly owned subsidiary

03 May 2024 Evaluate

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.

Peers
Company Name CMP
Waaree Energies 2555.00
Apar Industries 16051.80
Havells India 1123.80
Suzlon Energy 41.92
Siemens 3625.00
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