Acquisitions10 Jan 2024, 12:25 am
Steel Strips Wheels Ltd. Completes Acquisition of AMW Autocomponent Limited
AI Summary
Steel Strips Wheels Limited (SSWL) has successfully completed the acquisition of AMW Autocomponent Limited (AACL) through a mix of equity and inter-corporate loan, resulting in SSWL holding 100% equity interest in AACL. The acquisition is pursuant to the NCLT Order and will help SSWL increase its presence worldwide in the auto-components sector.,
Key Highlights
- SSWL has acquired 100% equity interest in AACL
- The acquisition is pursuant to the NCLT Order
- The transaction is not a related party transaction
- The acquisition will help SSWL increase its presence worldwide in the auto-components sector