GMM Pfaudler Limited through its subsidiary Pfaudler GmbH, Germany, has entered into an Investment and Shareholders' Agreement on December 20, 2024, to acquire 51% stake of a limited liability company in Poland.
- This acquisition aims to establish a manufacturing and engineering facility in Poland, enhancing our global manufacturing capabilities and competitiveness.
- The acquired entity specializes in the manufacturing of high-quality stainless-steel equipment for the pharmaceutical and food industries.
- Investment of PLN 12.2 million (~ ?25.3 crore) will be made to establish this facility and the transaction will be funded through internal accruals
Mr. Thomas Kehl, CEO International Business said: "This acquisition reflects our continued focus on delivering costeffective, high-quality solutions for our customers. Establishing this facility in Poland aligns with our vision of strengthening our market presence in Europe and beyond."
Shares of GMM Pfaudler Limited was last trading in BSE at Rs. 1198.50 as compared to the previous close of Rs. 1219.55. The total number of shares traded during the day was 5246 in over 868 trades.
The stock hit an intraday high of Rs. 1227.20 and intraday low of 1195.00. The net turnover during the day was Rs. 6326502.00. |
