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Faalcon Concepts gets nod to acquire 61% stake in Chrome Coaters

12 Dec 2024 Evaluate

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.

Peers
Company Name CMP
Larsen & Toubro 3935.00
Kalpataru Projects 1331.10
NCC 119.35
Rail Vikas Nigam 186.50
KEC International 348.85
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