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

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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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, August 10 2019. 17:50 IST
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