Board of Varroc Engineering approves acquisition of 74% stake in CarlQ Technologies

At meeting held on 09 August 2019

The Board of Varroc Engineering at its meeting held on 9 August 2019 has approved the execution of Share Purchase Agreement for initial acquisition of 74% equity stake in the Pune - based CarlQ Technologies. The transaction is expected to be completed before 31 August 2019. The cost of acquisition is Rs 19.24 crore.

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