Kranti Industries Ltd - 542459 - Announcement under Regulation 30 (LODR)-Acquisition
With reference to our previous intimation on March 22, 2023 of the execution of Share Purchase Agreement between Kranti Industries Limited and Vivek Deshmukh, shareholder of Preciso Metall Private Limited and Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would glad to inform that as per the timeline decided into the Agreement the Company has completed the Acquisition of 55% Equity Shares i.e. 31,98,205 number Equity Shares of Rs. 10/- each of the Preciso Metall Private Limited on April 11, 2023. Further, on effect of acquisition of 55% of total equity share capital of Preciso Metall Private Limited (PMPL) the PMPL became a subsidiary Company of Kranti Industries Limited.12-04-2023