Business Standard

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

Image

Capital Market

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.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News