Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 January, 2022 15:42 IST
Sandhar Technologies enters into SPA to acquire stake in JV Company
Source: IRIS | 07 Dec, 2021, 01.17PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Sandhar Technologies, manufacturer and distributer of automobile equipment has entered into Share Purchase agreement (SPA) on December 06, 2021, for purchase of 1,48,23,143 equity shares of its Joint Venture Company namely 'Sandbar Daewha Automotive Systems' (JV Company) from the other Joint Venture Partner namely Daewha Fuel Pump Ind. Acquisition of equity shares is to consolidate its business.

At present, Sandbar Daewha Automotive Systems is the Joint Venture of the Company. Subsequent to proposed acquisition, the shareholding of the company in Sandbar Daewha Automotive Systems will increases to 100% of the paid up equity share capital. The time period for completion of the acquisition is by March 31, 2022.

Shares of the company gained Rs 1.85, or 1.75%, to trade at Rs 248.85.  The total volume of shares traded was 3,878 at the BSE (11.48 a.m, Tuesday).

 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Dixon Technologies enters into JV pact with Imagine Marketing - 18-Jan-2022 15:30
ICICI Bank: Leadership position to strengthen; Tech capabilities to drive sustainable growth - 18-Jan-2022 14:36
UltraTech Cement Q3FY22 Review - Outlook positive; Hold - 18-Jan-2022 14:23
Dalmia Bharat arm commences commercial production at Murli Plant in Maharashtra - 17-Jan-2022 20:08
VA Tech Wabag secures order worth USD 100 mn in Dubai - 17-Jan-2022 19:43
KPI Global Infra signs long term PPA for sale of solar power - 17-Jan-2022 19:31
Glenmark Pharmaceuticals arm gets tentative approval for Regadenoson Injection - 17-Jan-2022 19:16
KEC International wins new orders worth Rs. 11.12 bn - 17-Jan-2022 19:03
HDFC Bank Q3FY22 Review-Credit growth improved; Restructured assets at 1.37% vs 1.5% - 17-Jan-2022 17:25
HCL Technologies Q3FY22 Review- Margins to improve gradually - 17-Jan-2022 17:15
HDFC Bank: Earnings in line; Balance Sheet strengthens further - 17-Jan-2022 16:52
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer