Breaking News

You are here » Indian-Commodity  :  Investment  :  Munjal Auto acquires 55% stake in Indutch

23-May2018

Munjal Auto acquires 55% stake in Indutch

Munjal Auto Industries has acquired 55% paid up share capital in Indutch Composites Technology (Indutch), a Vadodara based Company. The company has acquired 16,48,726 equity shares of Rs 10 each. The valuation has not been disclosed herein due to reasons of confidentiality agreement.

Munjal Auto Industries is leading auto component manufacturing company in India producing Exhaust systems complete for two wheelers and four wheelers, Spoke rims for two wheelers, Steel Wheel Rims for Two Wheelers and Four Wheelers, Fuel Tanks for Four wheelers, Seat Frames for four wheelers and other automotive assemblies.



Related News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

Tata Steel acquires 12.5% NCRPS of TRF

Tata Steel has acquired 25,00,00,000, 12.5% Non-Convertible Redeemable Preference Shares of face value of Rs.10 each ('NCRPS') of TRF, for the consideration aggregating to Rs. 250 crore.  TRF......

Top News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......