Corporate Announcement
Security Code : 534076    Company : RHIM    
 
Asset Purchase Agreement Download PDF Download XBRL
  Exchange Received Time  14/08/2019 12:40:15         Exchange Disseminated Time   14/08/2019 12:40:23              Time Taken   00:00:08
The Board of Directors in their meeting held on 13 August 2019 accorded their consent to enter the Company into an Asset Purchase Agreement (APA) with Manishri Refractories & Ceramics Private Limited to acquire certain assets / plant & machinery situated at Baichuana, Tangi, Distt.- Cuttack, Orissa subject to due diligence and certain conditions set out in APA.

The proposed asset acquisition will help the Company in diversification of its existing product line by adding new products like Magnesia Carbon Bricks etc.

The asset acquisition process is expected to get completed in next 2 months.
 

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