BCL Industries Ltd to acquire additional shares in Pioneer Industries Pvt Ltd

The Board of Directors of BCL Industries Limited at its meeting held today i.e., 11th day of June, 2025, has approved the acquisition, by way of transfer from existing shareholders, of 69,70,000 equity shares of M/s. Pioneer Industries Private Limited ("Pioneer") having CIN-U24241PB1997PTC020695.

The Company (BCL) currently holds 4.36% of share capital of Pioneer and consequent to the aforesaid acquisition, BCL's shareholding will be increased to 19.57% of share capital of Pioneer. Both the Companies are within the same Industry and this acquisition will result into synergies for both companies by way of cost controls, industry knowhow and market insights.

Source : Equity Bulls

Keywords

BCLIndustries StakeAcquisition StakeIncrease PioneerIndustries