Rollatainers to Acquire Satelite Forgings for ₹30 Cr

Rollatainers Limited announced its Board of Directors has approved the acquisition of equity shares of Satelite Forgings Private Limited through a Share Purchase Agreement. Upon completion, Satelite Forgings will become a wholly-owned subsidiary of Rollatainers. The company also approved the issue and allotment of 13,45,29,149 equity convertible warrants at ₹2.23 each, totaling ₹30,00,00,002 (₹30.00 Crore). 25% of the consideration (₹7,50,00,003 or ₹7.50 Crore) has been received, with the balance due within 18 months. This move is part of Rollatainers' strategic growth initiatives.