Hindustan Composites has acquired 30,000 equity shares of Re 1 each of HDFC Bank on October 17, 2024, by making an investment of Rs 5.02 crore through stock exchange. The equity shares acquired shall form part of the investment of the Company with a view to gain long term / short term investment benefits.
Hindustan Composites is engaged in the business of manufacturing and marketing of fibre based friction material, consisting of Brake Liners, Roll Lining, Brake Block, Clutch Facing etc and investment of its surplus fund.
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