The WOS has executed a share purchase agreement in the United States on 17 February 2016 with DCI/ PDC Holdings Inc. (seller) and acquired 100% of the equity share capital of Precision Die Casting Inc. (USA) and made an investment of USD 2 million in to the equity of PDC on 17 February 2016.
The Company has also issued a limited guarantee by way of a SBLC for USD 2 million towards the term loan facilities availed by PDC.