Acquisitions14 Jul 2025, 05:22 pm
Springform Technology Ltd. to Acquire 100% Stake in Inertia Aluminium Private Ltd. for ₹1,00,000
AI Summary
Springform Technology Ltd. has announced the acquisition of 100% equity shares of Inertia Aluminium Private Ltd. for a total purchase consideration of ₹1,00,000 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 high-value added products. The company's last audited financial statements for the financial year ended on 31 March 2024 showed a turnover of ₹51,17,146.
Key Highlights
- Springform Technology Ltd. to acquire 100% equity shares of Inertia Aluminium Private Ltd.
- Total purchase consideration of ₹1,00,000 in cash.
- Inertia Aluminium Private Ltd. involved in manufacturing and trading of aluminium products.
- Last audited financial statements showed a turnover of ₹51,17,146 for FY 23-24.
- Acquisition expected to be completed within 30 days from the date of signing the SPA.