Acquisitions23 Jun 2025, 04:28 pm
Pritika Auto Industries Subsidiary to Acquire Omnia Engineering Inc. for USD 1,00,000
AI Summary
Pritika Auto Industries Ltd. has announced that its subsidiary, Pritika Engineering Components Ltd., will invest up to USD 1,00,000 in 10,00,000 shares of Omnia Engineering Inc., a Delaware-incorporated company. This investment will make Omnia Engineering Inc. a wholly-owned subsidiary of Pritika Engineering Components Ltd. and a step-down subsidiary of Pritika Auto Industries Ltd. The acquisition is aimed at leveraging new growth opportunities in the US markets.
Key Highlights
- Pritika Engineering Components Ltd. to invest up to USD 1,00,000 in Omnia Engineering Inc.
- Omnia Engineering Inc. will become a wholly-owned subsidiary of Pritika Engineering Components Ltd.
- Acquisition aims to leverage new growth opportunities in the US markets
- Omnia Engineering Inc. is a newly incorporated company with no operating history