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AIA Engineering acquires additional 1.21% stake in WSL

21 Oct 2013 Evaluate

AIA Engineering has acquired an additional 1.21% stake or 7780 Equity Shares of Rs 10 each of Welcast Steels, Ahmedabad (WSL), a Subsidiary of the Company. With the purchase of the said Equity shares, the total Shareholding of the Company in WSL is increased from 71.59% to 72.80%.

AIA Engineering is engaged in business of designing, developing, manufacturing, installing and servicing of high chromium wear, corrosion and abrasion resistant parts. These products are mainly used by cement, mining and thermal power generation industries.

Peers
Company Name CMP
AIA Engineering 3735.65
Alicon Castalloy 859.40
Nelcast 142.10
PTC Industries 24546.10
Synergy Green Inds. 614.25
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