Board of Symphony approves acquisition of balance stake in its Australian subsidiary

29 Jul 2022 , 01:34 AM

The Board of Symphony at its meeting held on 26 July 2022 has approved purchase of 920000 ordinary shares of Symphony AU Pty representing 5Percentage of share capital from its existing shareholder thereby making Symphony AU a wholly owned subsidiary 100Percentage shareholding of the Company for a pre decided consideration of 45800000 equivalent to Rs 445 crore The Company is a SPV Company formed in 2018 for the purpose of acquisition of CTPL which is in the business of air coolers and heaters in Australia and USA