Fundraise / allotmentFiled on BSE ·
Systematic Industries Ltd acquires Wire Brigade, raises ₹33.94 crore via preferential issue
Systematic Industries Ltd · Industrial Products
What the filing says
- Acquires 100% equity of Wire Brigade Industries Private Limited for ₹21.50 crore through share swap and minor cash payment; Wire Brigade becomes a wholly owned subsidiary.
- Preferential issue of 14,88,600 shares at ₹228 each raising ₹33.94 crore, including ₹21.49 crore towards acquisition and ₹12.45 crore from identified investors.
- Manufacturing capacity increases to 1.72 lakh MT annually with addition of Wire Brigade (24,000 MT) and recent Siltara facility (48,000 MT); Howrah facility strengthens Eastern India presence.
Original filing
Announcement under Regulation 30 (LODR)-Press Release / Media Release
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More from Systematic Industries Ltd
- Fundraise / allotmentSystematic Industries Limited completes preferential issue of 14.88 lakh shares at ₹228 each
- Fundraise / allotmentSystematic Industries Ltd proposes preferential issue of up to 14.89 lakh shares at ₹228 each
- Fundraise / allotmentSystematic Industries Ltd approves acquisition of Wire Brigade Industries Pvt Ltd
- Fundraise / allotmentSystematic Industries Limited acquires 100% stake in Wire Brigade Industries Pvt Ltd
- Fundraise / allotmentSystematic Industries Ltd approves acquisition of Wire Brigade Industries Pvt Ltd
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.