Birla Precision Technologies has received approval to acquire 2,89,018 equity shares of Kores (India) from Yash Society, a charitable trust, part of the Promoter Group of the Company. The acquisition will be completed within 15 days. The cost of acquisition will be around Rs 15 crore.
The investment aligns inter alia with the growth objectives and positions it for sustainable success in a dynamic market environment. The Board of Directors of the Company at their meeting held on March 19, 2024, has approved the same.
Birla Precision Technologies is engaged in the manufacturing and selling of Machine Tool Accessories, Tools, Precision / Automotive Components and Castings.
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