Birla Precision Technologies Ltd to acquire stake in Kores India Ltd from Yash Society

The Board of Directors of Birla Precision Technologies Limited ("the Company") at their meeting held today, i.e., Thursday, March 20, 2025, has approved to the proposal to acquire 72,569 equity shares of Kores (India) Limited from Yash Society, a charitable trust, part of the Promoter Group of the Company.

Yash Society currently holds 1,58,786 equity shares of Kores (India) Limited. The transaction is on an 'Arm's Length Basis'.

The Company has purchased the first tranche of ₹6 crores worth of Kores shares on April 03, 24. During the year, we also undertook several strategic Capex initiatives, including:

- Installation of taps
- Purchase of CNC and VMC machines at our TH facility
- Infrastructure upgrades

Considering the focus on the components segment, where there is a strong synergy with Kores' business, The Company believe it is opportune to deepen our investment. Therefore, the Company has decided to purchase an additional ₹3 crores worth of Kores shares.

Shares of BIRLA PRECISION TECHNOLOGIES LTD. was last trading in BSE at Rs. 39.54 as compared to the previous close of Rs. 38.00. The total number of shares traded during the day was 178902 in over 207 trades.

The stock hit an intraday high of Rs. 39.90 and intraday low of 37.70. The net turnover during the day was Rs. 6918775.00.

Source : Equity Bulls

Keywords

BIRLAPRECISIONTECHNOLOGIES INE372E01025 StakePurchase KoresIndia