You are here: Home » News-CM » Companies » News
Business Standard

Triveni Engineering and Industries acquires United Shipper & Dredgers

Capital Market 

Triveni Engineering and Industries has acquired 4,00,000 fully paid-up equity shares of Rs. 10/- each of United Shippers & Dredgers ('USD'), an unlisted company, from Subhadra Trade and Finance, a promoter/promoter group owned company at an aggregate value of Rs. 23 lakh in accordance with Rule 11 UA of the Income Tax Rules, 1962 on 2 March, 2021.

With the acquisition of these shares, USD has become a wholly owned subsidiary of this Company.

Powered by Capital Market - Live News

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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, March 03 2021. 14:51 IST