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BSE SENSEX
74,045.53
+128.50
+0.17 %
Corporate Announcement
Security Code
543619
Company
Concord Control Systems Ltd
Exchange Received Time
02/05/2024 21:06:06
Exchange Disseminated Time
02/05/2024 21:06:06
Time Taken
00:00:00
Announcement under Regulation 30 (LODR)-Acquisition |
05/02/24 21:06
This is to inform that the Board of Directors of Concord Control Systems Limited (the Company) at their meeting held on 02 May, 2024 have approved the investment to acquire 66.66% Equity Shares of Advanced Rail Controls Private Limited (ARC) (target entity/ company) having its Registered Office in Bangalore, against the consideration of Rs. 700 Lakhs. With the Proposed Acquisition, the target company shall become Subsidiary Company of Concord Control Systems Limited.
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