Acquisitions16 Aug 2025, 03:51 pm
Gretex Corporate Services Acquires 23.26% Control in Gretex Industries Through Group Entities
AI Summary
Gretex Corporate Services Ltd has indirectly acquired 23.26% control in Gretex Industries Limited through group entities. Gretex Industries, incorporated on July 16, 1996, is primarily engaged in the trading and distribution of musical instruments, professional audio, and audiovisual equipment across Eastern and Northeastern India. The last three years' turnover of Gretex Industries is as follows: FY 24-25: ₹ 329,226.29 Thousand, FY 23-24: ₹ 311,262.92 Thousand, and FY 22-23: ₹ 220,271.54 Thousand. This acquisition is expected to have a material impact on the consolidated financial position and performance of Gretex Corporate Services.
Key Highlights
- Gretex Corporate Services Ltd has indirectly acquired 23.26% control in Gretex Industries Limited through group entities.
- Gretex Industries is primarily engaged in the trading and distribution of musical instruments, professional audio, and audiovisual equipment.
- The last three years' turnover of Gretex Industries is: FY 24-25: ₹ 329,226.29 Thousand, FY 23-24: ₹ 311,262.92 Thousand, and FY 22-23: ₹ 220,271.54 Thousand.
- This acquisition is expected to have a material impact on the consolidated financial position and performance of Gretex Corporate Services.