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| Exchange Disseminated Time | Pitti Laminations Ltd has informed BSE that:
"Pitti Laminations Limited (PLL) has acquired 35,70,000 shares of Rs. 10/- each of Pitti Castings Pvt. Ltd. (PCPL) which constitutes 51% of the capital of PCPL.
Consequent to the equity investment, PCPL has become a subsidiary of PLL. PCPL has allotted 35,70,000 shares to PLL at its Board of Directors meeting held on June 28, 2012.
The investment made by PLL in PCPL is in accordance with the Resolutions passed by its Board of Directors and approval of members for creation of subsidiary through postal ballot in January 2012." |
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