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Responsive Industries Limited to increase stake in subsidiary to 89.86%

Responsive Industries Limited to increase stake in subsidiary to 89.86%
Posted On:
2021-02-25 08:48:57
(Time Zone: Arizona, USA)
The Board of Directors of Responsive Industries Limited at its meeting held on Thursday, February 25, 2021 has approved investment in its Indian subsidiary company Axiom Cordages Limited through purchase of its 104,18,162 no of equity shares in aggregate from Banyantree Growth Capital, LLC (BTC) and Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V (FMO) held by them in Axiom Cordages Limited, India. The pre shareholding of the Company is 58.18% of the total paid up capital and the post shareholding after purchase is 89.86% of the total paid up capital. ....

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Luxury Vinyl Tiles Market will touch USD 32.0 billion at a healthy 10.0% CAGR by 2025 | Industry Top Key Companies Gerflor, Armstrong Flooring, Adore Floors, Mohawk Industries,Vinylasa

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