Board of Mercury EV-Tech approves acquisition of majority stake in Traclaxx Tractors

Industry:    8 months ago

The Board of Directors of Mercury EV-Tech at its held on 08 May 2024 approved the acquisition of 65% stake in Traclaxx Tractors, equivalent to 5,23,900 equity shares of Rs. 10 each at a price of Rs. 10 each, total consideration being Rs.52,39,000. Henceforth, Traclaxx Tractors will be considered as subsidiary company of Mercury EV-Tech.

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