|Aksh Optifibre Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2016, approved:|
- Acquisition of 100% shareholding of M/s. Unitape Mandovi Composites Private Limited (Unitape), located at Silvassa, Dadra and Nagar Haveli, UT of DN.
Unitape is engaged in manufacturing and sale of Fibre Re-inforced Plastic Rods (FRP) having a production capacity of 2.16 lakhs km/annum. None of the Director/promoter of the Company has any interest in Unitape. The Company has started Due Diligence which is expected to be completed in next 15 days. Details of Consideration and other relevant information shall be informed upon finalization and completion of acquisition.