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The Board of Ramkrishna Forgings at its meeting held on 21 July 2023 has approved the following investments proposals -
1. Acquisition by way of purchase of: (i)12,58,990 equity shares of Multitech Auto (MAPL), constituting 100% of the total issued and paid up capital of MAPL from the existing shareholders of MAPL i.e Atul Dua and Poonam Dua; and (ii) 1 (one) share of Mal Metalliks (a wholly subsidiary of MAPL) from Atul Dua, both for an aggregate cash consideration of
Rs 205 crore.
2. Acquisition by way of purchase of 60,000 equity shares of Mal Auto
Products (MAPPL), constituting 100% of the total issued and paid up
capital of MAPPL from the existing shareholders of MAPPL i.e Atul dua (HUF), Atul Dua and Poonam Dua for an aggregate cash consideration of Rs 7 crore.
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