At meeting held on 25 February 2021The 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.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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