Acquisitions31 May 2025, 10:13 am
Suprajit Engineering Concludes Second Stage of Stahlschmidt Cable Systems Acquisition
AI Summary
Suprajit Engineering Ltd. has successfully concluded the acquisition of the business of Stahlschmidt Cable Systems (SCS), including the assets and business in China and Canada. This is the second stage of the acquisition, following the initial announcement on June 9, 2024, and a subsequent company announcement on July 16, 2024. The acquisition was part of the insolvency proceedings in Germany. This update is provided for information and record-keeping purposes, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Suprajit Engineering Ltd. has successfully completed the second stage of the Stahlschmidt Cable Systems (SCS) acquisition.
- The acquisition includes the assets and business in China and Canada.
- This is a significant step in Suprajit Engineering's growth strategy.
- The acquisition was part of the insolvency proceedings in Germany.
- This update is provided in compliance with SEBI regulations.