Acquisitions14 Jul 2025, 05:07 pm
Springform Technology Ltd. Approves Acquisition of Inertia Aluminium Private Ltd. for Rs. 1 Lakh
AI Summary
Springform Technology Ltd. announced that its board of directors approved the acquisition of 100% equity shares of Inertia Aluminium Private Ltd. for a total purchase consideration of Rs. 1 Lakh in cash. The acquisition is expected to be completed within 30 days from the date of signing the Share Purchase Agreement (SPA). Inertia Aluminium Private Ltd. is involved in the manufacturing and trading of aluminium plates, sheets, coils, foils, and other products. It was incorporated on 11/10/2022 and has reported a turnover of Rs. 51,17,146 in the financial year ended on 31 March 2024.
Key Highlights
- Springform Technology Ltd. to acquire 100% equity shares of Inertia Aluminium Private Ltd.
- Total purchase consideration of Rs. 1 Lakh in cash.
- Expected completion within 30 days from the date of signing the SPA.
- Inertia Aluminium Private Ltd. involved in manufacturing and trading of aluminium products.
- Inertia Aluminium Private Ltd. reported a turnover of Rs. 51,17,146 in FY 2023-2024.