CMX Holdings Ltd to acquire Climax Overseas Pvt Ltd

The Board of Directors of CMX Holdings Limited (Formerly known as SIEL FINANCIAL SERVICES LIMITED) at their meeting held on January 23, 2022 have decided to takeover / acquire M/s. Climax Overseas Private Limited, a company involved in involved in manufacturing and exports of Automotive, Defence, Railways & other Industrial Components having its registered office at Delhi and to appoint an Independent Professional to carry out the due diligence of the said company.

The Board also had a deliberate discussion upon the source of fund for the aforesaid acquisition by way of Promoters' contribution or through raising of equity / debt.

Shares of SIEL FINANCIAL SERVICES LTD. was last trading in BSE at Rs. 19.35 as compared to the previous close of Rs. 18.45. The total number of shares traded during the day was 3145 in over 13 trades.

The stock hit an intraday high of Rs. 19.35 and intraday low of 19.35. The net turnover during the day was Rs. 60855.00.

Source : Equity Bulls

Keywords

SIELFINANCIALSERVICES INE027F01014 CMXHoldings Acquisition ClimaxOverseas