Kranti Industries Ltd to acquire Preciso Metall Pvt Ltd

On this auspicious day of Gudi Padwa, Kranti Industries Limited have entered into Share Purchase Agreement ('SPA') with Mr. Vivek Nilkanth Deshmukh ('Existing Shareholder' of Preciso Metall Private Limited) for acquiring total of 55% issued equity shares of Preciso Metall Private Limited ('Preciso') by way of transfer process in an agreed phase manner.

Preciso Metall Pvt. Ltd. (PMPL) (CIN: U74999PN2017PTC170422) is a Private Limited Company, incorporated on 16th May, 2017 under the provisions of the Companies Act, 2013 engaged in the business of shell moulding, casting & other allied activities.

Shares of Kranti Industries Ltd was last trading in BSE at Rs. 69.32 as compared to the previous close of Rs. 69.29. The total number of shares traded during the day was 5761 in over 61 trades.

The stock hit an intraday high of Rs. 73.58 and intraday low of 66.60. The net turnover during the day was Rs. 401232.00.

Source : Equity Bulls

Keywords

KrantiIndustries INE911T01010 SPA Acquisition PrecisoMetall