For part financing of its acquisition of CNC Machine Shop
Pradeep Metals announced that Union Bank of India, Hong Kong Branch vide sanction letter dated 14 February 2015 received on 16 February 2015 at 4:30 P.M. (IST), has sanctioned ECB of USD 2.00 mn to Pradeep Metals, USA, 100% Subsidiary of the Company, for partly financing its cost of acquisition of 51% stake in a CNC Machine Shop at Houston, USA.Powered by Capital Market - Live News
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