6 Jul 2022 , 09:52 AM
The Company, through its wholly-owned subsidiary, Control Print B.V., has entered into an agreement dated July 5, 2022, with MARKPRINT B.V. incorporated in the Netherlands and their shareholders.
The company has agreed to acquire a majority stake (75%) in the Equity Share capital of said MARKPRINT B.V. i.e., making an investment in the form of Purchase/Subscription of 7,50,000 Equity Shares of Euro 2.00 each of said MARKPRINT B.V., and thereby the said Company becomes the subsidiary of Control Print.
The approximate cost of acquisition is Rs12.20 crore.
Markprint B.V. is a technology company that develops, assembles, and sells High-Resolution printers with CMYK technology, as well as components, consumables, and services related to the coding and marking industry.
The proposed purchase/acquisition is a long-term strategic investment to gain access to their technology as well as access to the European market.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.