Meson Valves India has entered into a Share Purchase Agreement with Milindpra Castings, a newly incorporated company in the metal casting and foundry industry. Under the terms of the agreement, the company will acquire 7,033 shares of Milindpra Castings for a total consideration of Rs 70,330, priced at Rs. 10 per share.
The company will acquire a significant stake in Milindpra Castings, which has an authorized capital of Rs 5,00,000 and a paid-up capital of Rs 1,00,000. As Milindpra Castings is a newly incorporated entity, no prior turnover figures are applicable. The acquired company operates in the metal casting and foundry sector in India. This strategic acquisition aligns with Meson Valves India's growth strategy and is expected to strengthen its position in the metal casting industry. The move will allow Meson Valves India to expand its capabilities and market presence in the foundry sector.
Meson Valves India is engaged in the business of supplying of valves, actuators, Strainers and remote-control valves systems to the industries both in domestic and international markets.
