Investment10 Jul 2025, 06:52 pm
Manbro Industries to Invest INR 7.5 Crores in K D Ecosystem, Expanding Business into Metal & Non-Metal Recycling
AI Summary
Manbro Industries Ltd. has approved an investment of INR 7.5 Crores in K D Ecosystem, a Partnership Firm registered under the L.P. Act, 1932. This investment will acquire 26% stake in K D Ecosystem, making it an Associate of Manbro Industries. K D Ecosystem is the first registered vehicle scrappage facility in the Eastern Region, engaged in the business of scrapping end-of-life and condemned vehicles. The partnership deed is expected to be completed within 30 days.
Key Highlights
- Manbro Industries to invest INR 7.5 Crores in K D Ecosystem
- Acquisition of 26% partnership interest in K D Ecosystem
- K D Ecosystem is a registered vehicle scrappage facility in the Eastern Region
- Expected completion of the acquisition within 30 days
- Manbro Industries to expand its business into Metal & Non-Metal Recycling