-4.60 (-0.69%) Control Print through its Wholly Owned Subsidiary Company i.e. Control Print B.V. (CPLBV), has further purchased 50,000 equity shares at euro 4 per share of Markprint B.V, a Step Down Subsidiary Company amounting to investment of Euro 2,00,000 and which has resulted into increase in 5% equity stake into Markprint B.V. Accordingly, CPLBV has increased its shareholding from 75% to 80% into Markprint B.V.
The object of the additional acquisition of 5% equity, is considered for the Company as strategic long-term investment to have access to their technology as well as access to European Market. The activities of Markprint B.V. is not outside the main line of business of the company.
Control Print is a pioneer in the manufacturing of coding and marking solutions in India. Product range of the company includes Continuous Ink Jet Printer, Large Character Printer, Hot Roll Coder, Thermal Transfer Overprinter, Laser and Consumables.