Indo Farm Equipment has received approval for acquisition of 18,000,000 equity shares, each having a face value of Rs 10, at a price of Rs 25 per share (including a premium of Rs 15 per share) of Barota Finance (BFL), the wholly-owned subsidiary of the Company, under a rights issue. The total investment for the acquisition amounts to Rs 45 crore.
The Board of Directors of the Company, in its meeting held on March 12, 2025, has approved the same.
Indo Farm Equipment is engaged in the activity of manufacturing tractors, pick & carry cranes and other farm equipments.