MKP Mobility has acquired 49% Equity Share Capital of ‘CMR-Kataria Recycling’ (Target Company). The target company is in the business of Treatment and recycling of all kinds of ferrous, non-errous metal scrap and ELV (End of life Vehicles). The object of the acquisition is to enter in to the segment which is beneficial to the company. Total cost of acquisition is Rs 1.30 crore.
MKP Mobility is one of the largest automobile spare parts distributors in India.