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.
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