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Sandhar Tech infuses additional Rs30cr in JVC Sandhar Amkin Industries

11 Jan 2022 , 12:17 PM

Sandhar Technologies

Sandhar Technologies Limited (STL) has infused an additional fund of Rs30cr in Sandhar Amkin Industries Private Limited (SAIPL) and has been allotted 30 lakh equity shares of the SAIPL on a rights basis at a price of Rs10 each on January 10, 2022.

SAIPL is a JV company established pursuant to Joint Venture (JV) Agreement dated September 4, 2017, between STL and Amkin Group Private Limited (AGPL).

The shareholding of STL in SAIPL stands increased to 72.68% while AGPL holds 27.32%.

At around 12.20 pm, Sandhar Technologies Limited was trading at Rs256.95 per piece down by Rs0.2 or 0.08% from its previous closing of Rs257.15 per piece on the BSE.

Related Tags

  • Amkin Group
  • Joint Venture Company
  • JVC Sandhar Amkin Industries
  • Sandhar Tech news
  • Sandhar Tech share price
  • Sandhar Tech stock price
  • Sandhar Technologies Limited
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