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| Exchange Disseminated Time 03/03/2016 17:29:54 | | Sat Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 03, 2016, inter alia, took the decision to enter new line of business such as manufacture, export etc. of stainless steel hoses and fittings, machinery, sub-assembles, machine parts, tools, gauges, jigs through acquisition of 1,58,66,074 equity shares (being 69.39% of the share capital) from the shareholders of AEROFLEX INDUSTRIES LIMITED. The acquisition of shares will be at price to be determined as per valuation report to be obtained and subject to all permissions, sanctions and approvals as may be required. |
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