Acquisitions28 Sept 2026, 07:11 pm
Restile Ceramics Approves Share Capital Increase and BGCL Acquisition
AI Summary
Restile Ceramics Ltd's Board of Directors met on September 28, 2026, approving a significant increase in the company's authorized share capital from ₹100 Crore to ₹320 Crore. The board also greenlit the acquisition of the entire equity share capital of Bell Granito Ceramica Limited (BGCL). The acquisition will be undertaken in tranches, with the first tranche involving a cash consideration of up to ₹11.70 Crore for 5.19% of BGCL's equity and a share swap for the remaining 93.70%. Upon completion, BGCL will become a subsidiary of Restile Ceramics. A preferential issue of equity shares for consideration other than cash is also approved in connection with this acquisition.
Key Highlights
- Board approved increase in authorized share capital to ₹320 Crore.
- Approved acquisition of entire equity share capital of Bell Granito Ceramica Limited.
- Acquisition to be completed in tranches, including cash and share swap.
- BGCL will become a subsidiary of Restile Ceramics post-acquisition.
- Preferential issue of shares approved for acquisition consideration.
Price Impact
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