Board of Responsive Industries approves investment in Axiom Cordages (subsidiary)
At meeting held on 25 February 2021
The Board of Responsive Industries at its meeting held on 25 February 2021 has approved the investment in its Indian subsidiary company Axiom Cordages through purchase of its 104,18,162 no of equity shares in aggregate from Banyantree Growth Capital, LLC (BTC) and Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V (FMO) held by them in Axiom Cordages, India. The pre shareholding of the Company is 58.18 % of the total paid up capital and the post shareholding after purchase is 89.86% of the total paid up capital.Powered by Capital Market - Live News
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