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| Exchange Disseminated Time | Enkei Castalloy Ltd has informed BSE that the Company has decided to acquire the assets and business of two Companies (excluding any debt) in Europe to explore the business opportunities for alloy castings in Europe.
For this purpose the Company has set up 100% subsidiary in Austria, which will be used as Special Purpose Vehicle (SPV) for creating 100% subsidiaries to acquire the assets and business of above mentioned Companies.
The Company will be investing Euro $ 2.0 million in the initial stage. |
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