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Praj Industries acquires additional 10% stake in Neela Systems

19 Sep 2013 Evaluate

Praj Industries has acquired a further stake of 10% in its subsidiary Neela Systems for approximately Rs. 20.40 Crore. With this, the Company now holds 70% stake in Neela Systems at an approximate cost of Rs. 96.90 crore.

Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes and water and wastewater treatment systems

Peers
Company Name CMP
Bharat Heavy Elect. 426.25
Thermax 3475.00
Kirloskar Industries 3682.35
Skipper 561.50
INDO-MIM 1231.70
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