Gujarat Apollo Industries’ wholly owned subsidiary -- AEML Investments (AEML) has entered into a Share Purchase Agreement on December 7, 2024 with the Shareholders of the company, Fieldtrack Earthmovers (FEPL) for purchasing 100% equity shares of a face value of Rs 10 in a phased manner at an aggregate consideration of not exceeding Rs 49 lakh.
AEML shall constitute 100% of the issued and paid up share capital of FEPL upon completion of the full subscription. FEPL is based in Mehsana district of Gujarat State and is manufacturing agricultural equipment and related machinery such as Mini Tractors (15 hp to 25 hp) and related attachments.
Gujarat Apollo Industries is primarily engaged in the manufacturing of different types of Mining & Road Construction and Maintenance Machineries catering to the needs of the majority of the mining companies in India and many parts of the world.
| Company Name | CMP |
|---|---|
| BHEL | 334.70 |
| Thermax | 4071.65 |
| Kirloskar Oil Eng | 1660.00 |
| Skipper | 475.00 |
| GMM Pfaudler | 915.15 |
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