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

26 Jul 2022 , 03:05 PM

The Board of Symphony at its meeting held on 26 July 2022 has approved purchase of 920,000 ordinary shares of Symphony AU Pty (representing 5% of share capital) from its existing shareholder thereby making Symphony AU a wholly owned subsidiary (100% shareholding) of the Company for a pre decided consideration of 45800,000 (equivalent to Rs 4.45 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. Powered by Capital Market – Live News