MTAR Technologies to acquire 100% in GEE PEE Aerospace & Defence Pvt Ltd

M/s. MTAR Technologies Limited has entered into Share Purchase Agreement with sellers and M/s. GEE PEE Aerospace & Defence Private Limited dated O2-June-2022 for acquisition of 100% stake in M/s. GEE PEE Aerospace & Defence Private Limited.

MTAR has acquired 100% stake in Gee Pee Aerospace And Defence Private Limited making it a wholly owned subsidiary of MTAR for Rs. 8.82 Crores payable in Cash after deduction of borrowings and liabilities.

Shares of Mtar Technologies Limited was last trading in BSE at Rs. 1453.85 as compared to the previous close of Rs. 1426.05. The total number of shares traded during the day was 6384 in over 986 trades.

The stock hit an intraday high of Rs. 1497.05 and intraday low of 1442.00. The net turnover during the day was Rs. 9365254.00.

Source : Equity Bulls

Keywords

MtarTechnologies INE864I01014 Acquisition GEEPEEAerospaceandDefence