Acquisitions28 Sept 2026, 07:20 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 Crores to ₹320 Crores. The company also greenlit the acquisition of the entire equity share capital of Bell Granito Ceramica Limited (BGCL). The acquisition will be in tranches, with the first involving a cash consideration of up to ₹11.70 Crores for 5.19% of BGCL and a share swap for the remaining 93.70%. This strategic move aims to make BGCL a subsidiary of Restile Ceramics, subject to member and regulatory approvals. 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 entire equity of Bell Granito Ceramica Limited.
- First tranche of acquisition includes cash and share swap components.
- BGCL to become a subsidiary upon successful acquisition.
- Preferential issue of shares approved for acquisition consideration.
Price Impact
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