Primex News International

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    India Champions Global South and Responsible AI at 17th BRICS Summit in Brazil

    July 8, 2025

    Grand Conclusion of the 67th NASA India (EXCLAIM) Annual Convention in IPS Academy Indore

    July 8, 2025

    Pride Group Makes Strategic Gujarat Entry with ‘Biznotel by Pride’ in Surat

    July 7, 2025
    Facebook Twitter Instagram
    Primex News International
    • Home
    Facebook Twitter Instagram
    Primex News International
    Home»Business»Sellwin Traders Ltd to invest around Rs. 200 million in Shah Metacorp Ltd over the next two years
    Business

    Sellwin Traders Ltd to invest around Rs. 200 million in Shah Metacorp Ltd over the next two years

    By April 1, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email

    Strategic investment aligns with company’s long-term growth strategy and aims to capitalize on the promising opportunities in the metals industry

    Ahmedabad (Gujarat) [India], April 1:  Sellwin Traders Ltd has decided to invest approximately Rs. 200 million in Shah Metacorp Ltd (BSE & NSE Listed Company) over the next two years. This strategic investment aligns with company’s long-term growth strategy and aims to capitalize on the promising opportunities in the metals industry.

    The investment will be utilized to support Shah Metacorp Ltd’s expansion initiatives, enhance production capacities, strengthen research and development capabilities, and explore new market segments. By partnering with Shah Metacorp Ltd, we aim to leverage synergies, drive operational efficiencies, and create value for our shareholders.

    Highlights:-

    • Board approved Preferential convertible warrants issue of over Rs. 410 million by allotment of 31.7 million convertibles warrants at an issue price of Rs. 12.95 per share
    • Investment will be utilized to support Shah Metacorp Ltd’s expansion initiatives, enhance production capacities, strengthen R&D and explore new market segments.
    • In March 2024, the company entered into share purchase agreements, to make a strategic investments in i) Patel & Patel E-Commerce And Services Pvt Ltd by acquiring 66.67% of the total paid-up share capital and ii) Mannibhadra Aggro Pvt Ltd by acquiring 60% of the total paid-up share capital

    Shah Metacorp Ltd is a renowned player in the metal sector, known for its strong operational capabilities, innovative products, and sustainable business practices. With a robust track record of delivering value to its stakeholders, Shah Metacorp Ltd presents a compelling investment opportunity for our company.

    Board of Directors of the company, Sellwin Traders Ltd has approved allotment of 3,17,80,000 Convertible Warrants to the persons belonging to the Non Promoter Category each carrying a right to subscribe to one Equity Share per warrant, for cash at an issue price of Rs. 12.95 per warrant by way of Preferential allotment upon receipt of 25% of the issue price in accordance with provisions of SEBI ICDR Regulations, 2018. Company to raise over Rs. 410 million from preferential warrants issue.

    Earlier in the month of March 2024, the company has entered into share purchase agreement, to make a strategic investment in Patel & Patel E-Commerce And Services Pvt Ltd by acquiring / subscribing 66.67% of the total paid-up share capital in the form of Equity Shares of the Company on 6th March, 2024.  Patel & Patel E-Commerce And Services Pvt Ltd is currently engaged is in business of Software designing, development, customisation, implementation, maintenance, testing and benchmarking, designing, developing and dealing in computer software and solutions.

    Company has also entered into share purchase agreement, to make a strategic investment in Mannibhadra Aggro Pvt Ltd by acquiring / subscribing 60% of the total paid-up share capital in the form of Equity Shares of the Company in the meeting held today i.e. on 7th March, 2024. Mannibhadra Aggro Pvt Ltd is currently engaged in business of Agriculture.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

    Business
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Pride Group Makes Strategic Gujarat Entry with ‘Biznotel by Pride’ in Surat

    July 7, 2025

    Experience Premium Living: 3BHK Flats in Bhopal at Green City Extension by Krishna Homes

    July 7, 2025

    Asston Pharmaceuticals Limited, a Pharmaceutical and Nutraceutical Company, opens its IPO on 9th July 2025.

    July 7, 2025

    From Foundations to Future: The Legacy of Ajmera Cityscapes

    July 7, 2025

    GLEN Industries Limited IPO To Open On 08th July, Sets Price Band At Rs 92 to Rs 97 Per Share

    July 7, 2025

    Iris Clothings Rewards Shareholders with 1:1 Bonus Share Issue

    July 7, 2025

    Comments are closed.

    Top Reviews
    Editors Picks

    India Champions Global South and Responsible AI at 17th BRICS Summit in Brazil

    July 8, 2025

    Grand Conclusion of the 67th NASA India (EXCLAIM) Annual Convention in IPS Academy Indore

    July 8, 2025

    Pride Group Makes Strategic Gujarat Entry with ‘Biznotel by Pride’ in Surat

    July 7, 2025

    Surat Stuns with IIFD’s Arasa and Gaba Design Extravaganza

    July 7, 2025
    About Us
    About Us
    Our Picks

    India Champions Global South and Responsible AI at 17th BRICS Summit in Brazil

    July 8, 2025

    Grand Conclusion of the 67th NASA India (EXCLAIM) Annual Convention in IPS Academy Indore

    July 8, 2025

    Pride Group Makes Strategic Gujarat Entry with ‘Biznotel by Pride’ in Surat

    July 7, 2025
    Top Reviews
    © 2025 Primex News International. Designed by Primex Media Services.
    • Home

    Type above and press Enter to search. Press Esc to cancel.