Acquisitions29 May 2026, 01:12 am
Malpani Pipes acquires 100% equity of Terex Industries
AI Summary
Malpani Pipes and Fittings Limited's Board of Directors approved the Audited Financial Statements and Results for the financial year ended March 31, 2026, with an unmodified auditor's opinion. Concurrently, the Board approved the acquisition of 100% equity shares of M/s. Terex Industries Private Limited. This strategic acquisition aims to combine Malpani Pipe's manufacturing and export capabilities with Terex Industries' sectoral expertise, unlocking significant long-term value. Post-acquisition, Terex Industries will operate as a Wholly Owned Subsidiary of Malpani Pipes & Fittings Limited.
Key Highlights
- Board approved Audited Financial Statements for FY2026.
- Audited Financial Results for FY2026 were approved with unmodified opinion.
- Approved 100% equity acquisition of Terex Industries Private Limited.
- Terex Industries to become a Wholly Owned Subsidiary of Malpani Pipes.
- Acquisition expected to unlock significant long-term value.
Price Impact
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