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AGM on 30 Sep approved 95% acquisition of South Korea's Magnatech for Rs298.67 crore via 19.91 crore shares at Rs15 in 1:12 swap and 26.67 lakh preferential shares to independent director Commiskey at Rs15. Context: clears pivot vote for nil-revenue shell. Target CY25 turnover Rs44.65 crore within 12 months.
Integra Switchgear Approves ₹299 Crore Magnatech Battery Acquisition Via Share Swap
Integra Switchgear Board Approves Proposed 95% Magnatech Share-Swap Acquisition
Integra Switchgear Schedules Board Meeting For Preferential Equity Fund Raise