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31-Aug2018

KMIL acquires 19.91% stake in Sat Industries

Kotak Mahindra Investment (KMIL) has acquired 21,500,000 equity shares of Sat Industries, which constitutes 19.91% of the issued equity share capital of the company. KMIL has received control over said shares by way of pledge for loan facility extended to Sat Industries.

Sat Industries has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.


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