Faalcon Concepts has received approval from board of directors for acquisition of 61.00% Equity Shares in Chrome Coaters (CCPL) from its existing shareholders and promoters, at an acquisition price as may be determined in terms of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018.
The present acquisition will allow Company to enter new markets of Aluminium Coating. After this acquisition the CCPL will be 61% subsidiary of the Company, and it will be run independently, to offer services in the chosen segments.
Faalcon Concepts is engaged in designing, engineering, fabrication and installation of facade systems. It specialises in technically demanding facades. It offers various range of products to meet the demands of its customers.
