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18 May 24 | 12:49
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BSE SENSEX
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Corporate Announcement
Security Code
543619
Company
Concord Control Systems Ltd
Exchange Received Time
05/05/2024 11:34:33
Exchange Disseminated Time
05/05/2024 11:34:33
Time Taken
00:00:00
Announcement under Regulation 30 (LODR)-Acquisition |
05/05/24 11:34
The Board of Directors at their Meeting held today on Sunday, May 05, 2024, considered and approved the further investment of upto Rs. 5.50 Crores in its Subsidiary Company Advanced Rail Controls Private Limited, having its Registered office in Bangalore by subscribing in the Right Issue of Equity Shares made by the Company in one or more tranches from time to time. We also wish to draw your kind attention to our disclosure dated May 02, 2024, whereby we informed you regarding the approval of the Board for acquisition of 66.66% equity shareholding for consideration of Rs. 7 crores. The Board Meeting commenced at 10:00 AM and concluded at 11:30 AM.
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