Kd Green Industries Acquisition Worth ₹15 Cr
KD Green Industries Limited invested ₹15 Crore in its subsidiary, K D Infrastructures Private Limited, through the subscription and allotment of 20,00,000 equity shares.
- Value
- ₹15.00 Cr
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KD Green Industries Limited invested ₹15 Crore in its subsidiary, K D Infrastructures Private Limited, through the subscription and allotment of 20,00,000 equity shares.
Securocrop Securities India Private Limited and PACs acquired 2,14,00,000 equity shares in KD Green Industries Limited. The acquisition occurred via warrant conversion, increasing their stake to 24.37%.
KD Green Industries Limited (formerly Manbro Industries Limited) acquired a 50.04% stake in Green AAC Block and Mortar Private Limited. This strategic acquisition strengthens its footprint in the eco-friendly AAC block manufacturing market in North East India. The company also announced its formal name change to align with KD Group's business activities.