Acquisitions28 Sept 2026, 07:10 pm
Restile Ceramics Approves Share Capital Increase and BGCL Acquisition
AI Summary
Restile Ceramics Ltd's Board of Directors approved a significant increase in authorized share capital from ₹100 crore to ₹320 crore. The company also greenlit the acquisition of the entire equity share capital of Bell Granito Ceramica Limited (BGCL) in tranches. The first tranche involves acquiring 98.89% of BGCL, with a cash consideration of up to ₹11.70 crore for 5.19% stake and a share swap for the remaining 93.70%. This acquisition will make BGCL a subsidiary of Restile Ceramics. A preferential issue of equity shares for consideration other than cash is also planned in connection with the BGCL acquisition.
Key Highlights
- Authorized share capital increased from ₹100 Cr to ₹320 Cr.
- Approved acquisition of Bell Granito Ceramica Limited (BGCL).
- First tranche of BGCL acquisition includes cash and share swap.
- BGCL to become a subsidiary upon acquisition completion.
- Preferential issue of shares approved for BGCL acquisition.
Price Impact
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