CIM Tools is engaged in specialized machining and sub-assembly of components for the aerospace industry.
Suprajit has used a portion of cash available with the Company and balance through debt to complete this transaction.
Carnot is expected to support the company’s strategy by developing information technology solutions for its products, customers, and businesses.
Ashok Leyland (+0.96%) emerged as the top gainer adding near 1% despite an overall weak index.
The initial subscription amount of Rs1 lakh towards subscribing to 10,000 equity shares at face value of Rs10/- each.
Ashok Leyland, Mahindra & Mahindra, Bajaj Auto stocks, Tata Motors and TVS Motor Company were also bullish.
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