Kamdhenu has received approval for acquisition of 2,11,000 Equity Shares of Rs 10 each at an Issue price of Rs 230 per Equity Share, for a consideration aggregating to an amount of Rs 4.85 crore by way of subscription to the Preferential Issue of VMS TMT, a franchisee unit of the Company. The transaction is expected to be completed before June 30, 2024. The Loan and Investment Committee of the Board of Directors of the company, at its meeting held on June 17, 2024, has accorded its approval for the same.
Kamdhenu is engaged in the manufacturing, marketing, branding and distribution of TMT Bars, structural steel, paints and allied products under the brand name ‘Kamdhenu’.
