Meson Valves India acquires a majority stake in Milindpra Castings, enhancing its presence in the metal casting sector. The deal involves a Rs 70,330 cash payment for 7,033 shares.
Meson Valves India Limited, known for its expertise in manufacturing and servicing valves across various industries, announced a Share Purchase Agreement with Milindpra Castings Private Limited.
Meson will acquire 7,033 shares of Milindpra Castings for Rs 70,330, priced at Rs 10 per share. Milindpra Castings, a newly established company in the metal casting and foundry sector in India, has an authorised capital of Rs 5,00,000 and a paid-up capital of Rs 1,00,000.
This acquisition supports Meson Valves India’s growth strategy by enhancing its capabilities and market presence in the foundry sector.
