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Corporate News
03-Mar-16
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Board of Sat Industries approves acquisition of 69.39% stake in Aeroflex Industries
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At meeting held on 03 March 2016
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Sat Industries announced that the Board of Directors of the Company at its meeting held on 03 March 2016, inter alia, took the decision to enter new line of business such as manufacture, export etc. of stainless steel hoses and fittings, machinery, sub-assembles, machine parts, tools, gauges, jigs through acquisition of 1,58,66,074 equity shares (being 69.39% of the share capital) from the shareholders of AEROFLEX INDUSTRIES. The acquisition of shares will be at price to be determined as per valuation report to be obtained and subject to all permissions, sanctions and approvals as may be required.
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