Aztec Fluids and Machinery Ltd acquires Jet Inks Pvt Ltd

Aztec Fluids and Machinery Limited has acquired 38,92,858 (81.95%) shares of Jet Inks Private Limited from its shareholders and by virtue of the said acquisition, Jet Inks Private Limited has become Wholly Owned Subsidiary of the Company.

The objective of the acquisition is to diversify the customer base, leverage on its manufacturing capacity & sales network and strengthen our presence in South region of India.

Jet Inks Private Limited is into business of Providing coding and marking solutions to a diverse range of industries. Providing various type of printers. Jet Inks Private Limited was incorporated on 20th March, 2002. Its last 3 years turnover is for FY 2022-23 - Rs. 39 Crores FY 2021-22 - Rs 36.36 Crores and FY 2020-21 - Rs 39.26 Crores. It has presence in various states of India.

Shares of Aztec Fluids & Machinery Limited was last trading in BSE at Rs. 69.61 as compared to the previous close of Rs. 69.49. The total number of shares traded during the day was 66000 in over 32 trades.

The stock hit an intraday high of Rs. 71.00 and intraday low of 69.00. The net turnover during the day was Rs. 4591180.00.

Source : Equity Bulls

Keywords

AztecFluidsandMachinery INE0SCB01016 Computers Hardware Equipments Acquisition JetInks