Corporate News 16-Mar-18
Outcome of board meeting of Salzer Electronics
Held on 16 March 2018
The Board of Salzer Electronics approved the allotment of 5 lakh equity shares of Rs 10 each at price of Rs 197 each aggregating Rs 9.85 crore and 5.30 lakh non cumulative convertible 5% preference shares of Rs 10 each at price of Rs 197 for an aggregate Rs 10.44 crore to Salzer Magnet Wires. This allotment for total value of Rs 20.29 crore is in consideration other than cash towards acquisition of whole of the undertaking of Salzer Magnet as per terms of business agreement.
Previous News
Salzer Electronics consolidated net profit rises 19.01% in the September 2022 quarter
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Salzer Electronics completes acquisition of 72.32% stake in Kaycee Industries
( Corporate News - 11-Jul-19 17:20 )
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