Birla Precision Technologies has received approval for the proposal to acquire 72, 569 equity shares of Kores (India) from Yash Society, a charitable trust, part of the Promoter Group of the Company.
Considering the focus on the components segment, where there is a strong synergy with Kores' business, The company believe it is opportune to deepen its investment. Therefore, the company has decided to purchase an additional Rs 3 crore worth of Kores shares. The acquisition will be completed within 1 month. The Board of Directors of the company at their meeting held on March 20, 2025, has approved the same.
Birla Precision Technologies is engaged in the manufacturing and selling of Machine Tool Accessories, Tools, Precision / Automotive Components and Castings.
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| Skipper | 466.10 |
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