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Board of Polycab India approves acquisition of balance 50% stake in Ryker Base

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Capital Market
Last Updated : May 02 2020 | 11:51 AM IST

At meeting held on 02 May 2020

The Board of Polycab India at its meeting held on 02 May 2020 has approved the acquisition of 2,60,10,000 (i.e. balance 50% equity shares) of face value of Rs.10/- each held by Trafigura, Singapore ('Trafigura') in Ryker Base.

Ryker Base would become a wholly-owned Subsidiary Company after acquisition of the said equity shares from Trafigura.

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First Published: May 02 2020 | 11:40 AM IST

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