Rico Auto Industries acquires balance stake in Rico Investments

Rico Auto Industries has purchased 12,00,000 equity shares having a face value of Rs.10/- of its Subsidiary Company namely Rico Investments (RIL) from its existing shareholders at a price of Rs.10.00 per share. After this purchase, the Company holds entire (100%) Equity Share Capital of RIL and consequently, RIL has now become a Wholly owned subsidiary of Rico Auto Industries.

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