Acquisitions29 Jun 2026, 08:20 pm
Classic Filaments Completes Solven Power Systems Acquisition
AI Summary
Classic Filaments Ltd has announced the successful acquisition of 73.75% of the equity share capital of Solven Power Systems Private Limited. The acquisition was finalized through the execution of a Share Transfer Agreement and completion of the share transfer process. This strategic move transforms Solven Power Systems into a subsidiary of Classic Filaments Ltd, marking a significant development following the company's initial intimation on May 15, 2026. The necessary disclosures under SEBI regulations have been made.
Key Highlights
- Classic Filaments Ltd acquired 73.75% of Solven Power Systems Private Limited.
- Solven Power Systems Private Limited is now a subsidiary of Classic Filaments Ltd.
- The acquisition was completed via a Share Transfer Agreement.
- The company has complied with SEBI listing regulations for the deal.
Price Impact
More from CFL