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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Ramkrishna Forgings to acquire Multitech Auto and Mal Metalliks for ₹205 crore · Endata

◂ Announcements

Jul 21, 2023ACQUISITIONIndia

Ramkrishna Forgings to acquire Multitech Auto and Mal Metalliks for ₹205 crore

Ramkrishna Forgings Ltd has approved an investment of around ₹205 crore to acquire Multitech Auto Private Ltd and its wholly-owned subsidiary Mal Metalliks, which have a capacity to manufacture 21,600 mt per annum of machined SG & CI castings.

Value

$25.0M (2.05B INR)

Status

Announced

Capacity

21,600 mt per annum

Productsmachined SG & CI castingsbar draw facility

CompaniesRamkrishna Forgings acquirer Multitech Auto Private Ltd target Mal Metalliks target

Sectors#Automotive Components

“The strategic acquisition of Multitech Auto and Mal Metalliks marks a significant milestone in our efforts to fortify our market position and diversify our product offerings.”thehindubusinessline.com

1 source
thehindubusinessline.comRamkrishna Forgings to acquire Multitech Auto, Mal Metalliks for ₹205 crore - The HinduBusinessLineBL Kolkata BureauJul 21, 2023

Summarized from public sources; check the original articles before acting on it.

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