Schedule a Call Back
Ramkrishna Forgings acquires Multitech Auto, Mal Metalliks
2023-07-25
On Monday, Ramkrishna Forgings Ltd said that it has paid 2050 million for the acquisition of
Multitech Auto Private Ltd and its wholly-owned subsidiary Mal Metalliks Private Limited.A few examples of the parts produced by Multitech Auto and Mal Metalliks for automobiles are the assembly top cover, shift cylinder, assembly gear, differential case, differential cover, and various types of hubs.
In a statement, Ramkrishna Forgings said that it had paid Rs 205 crore to acquire Multitech Auto Private Ltd and its wholly-owned subsidiary Mal Metalliks.
"This acquisition marks a significant step forward in the company's growth strategy, aimed at expanding its product line and fortifying its presence in the passenger vehicles, light commercial vehicles, and heavy commercial vehicles segments," it stated.
The business also disclosed that it has paid 70 million to buy Mal Auto Products Private Limited.
Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
Fischer UltiMate™ Series Adds USB-C with Ratchet Locking System
Fischer Connectors, the global leader in high-performance connectivity solutions, has brought its world-renowned Swiss engineering expertise to t...
Tembo Global bags DI pipe orders worth Rs 51.82 crore
Tembo Global Industries has secured two major domestic orders totalling Rs 51.82 crore for the supply of ductile iron (DI) pipes, reinforcing its...
IDS brings Spain’s Brétema lighting collection to India
IDS by Innovative Design Group has launched the Brétema collection by Spanish brand a·emotional light in India. The handcrafted lighting range,...
