Menon Pistons Ltd. completes acquisition of Rapid Machining Technologies Pvt Ltd.

Menon Pistons Ltd. had entered into a Share Purchase Agreement with the promoters of M/s. Rapid Machining Technologies Private Limited for the purchase of 4,49,273 Equity shares of Rs. 10/- each which amounts to 100% of the paid up capital of the Company. The said Investment is within the authorisation limit of Rs. 12,00,00,000/- (Rupees Twelve Crores only).

The Company has now acquired all the shares of M/s. Rapid Machining Technologies Private Limited by transfer of 4,49,273 Equity shares of Rs. 10/- each which amounts to 100% of the paid up capital, in the name of the Company. M/s. Rapid Machining Technologies Private Limited is now a wholly owned subsidiary of the Company.

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