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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. 399.00
Zetwerk Manufactur 163.40
Thermax 3150.45
Kirloskar Industries 3146.90
Skipper 508.75
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