Atul announces acquisition of majority stake in Osia Infrastructures
Capital MarketAtul announced that its wholly owned subsidiaries - Atul Bio Space(ABSL), Atul Finserv (AFL) and Atul Fin Resources (AFRL) have acquired 28,08,000 equity shares (72.94%) of Osia Infrastructures (OIL), an associate company of the Company, from its existing shareholders and consequently OIL has become a step down subsidiary of the company.
OIL is engaged in processing and production of ready mix concrete used for construction activities.
The cost of acquisition is Rs 2.67 crore.
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