BCC Fuba India Ltd Acquires 51% Stake in IOGEMS Tech for Rs. 45.9 Lakhs

BCC Fuba India Limited has acquired 51% equity stake in IOGEMS TECHNOLOGIES PRIVATE LIMITED, a subsidiary company, for a total consideration of Rs. 45,90,000. The acquisition was made in compliance with Section 179(3)(e) read with Section 186 and all other applicable provisions of Companies Act, 2013. IOGEMS is an Electronic Manufacturing Services (EMS) company, and the acquisition is intended to facilitate forward integration into the target entity, leveraging BCC Fuba's established capabilities and experience in Printed Circuit Board (PCB) manufacturing.