Business Update9 May 2024, 11:49 pm
Newtime Infrastructure Limited Invests Rs. 6.33 Crore in Rollatainers Limited
AI Summary
Newtime Infrastructure Limited has made investments of Rs. 6.33 crore in Rollatainers Limited by subscribing to 10 lakh 2% non-convertible redeemable preference shares and 1 lakh forty thousand 10% non-convertible redeemable preference shares. The transactions are related party and are at arms' length. Rollatainers Limited is in the Packaging and Manufacturing industry and the acquisition is strategic in nature for Newtime Infrastructure Limited.
Key Highlights
- Newtime Infrastructure Limited invests Rs. 6.33 crore in Rollatainers Limited
- Transaction involves 10 lakh 2% non-convertible redeemable preference shares and 1 lakh forty thousand 10% non-convertible redeemable preference shares
- Investment is in a related party, but at arms' length
- Rollatainers Limited is in the Packaging and Manufacturing industry
- Acquisition is strategic for Newtime Infrastructure Limited