| Log in

Time Technoplast To Acquire Majority Stake in Czech Company

04 September, 2009

Polymer products maker Time Technoplast today said it has entered into an agreement to acquire majority stake in Kompozit-Praha, Czech Republic, for $5.20 million. 

 

The company has signed a memorandum of understanding(MoU) which allows it to acquire 70 % stake in a composite cylinder manufacturing company, Kompozit-Praha, Time Technoplast said in its communique to the Bombay Stock Exchange (BSE). 

Kompozit-Praha was founded by a group of businessmen and aerospace scientists, to produce new generation, low cost, high quality composite cylinder for storing liquefied petroleum gas, the filing added.

Time Technoplast raised Rs 38.75 crore ($9.5 million) investment from private equity funds Zephyr Peacock and Motilal Oswal Venture Capital Advisors in 2007.

 


Leave Your Comment
Polymer products maker Time Technoplast sells stake in Chinese JV, buys out partner in Egypt

Polymer products maker Time Technoplast sells stake in Chinese JV, buys out partner in Egypt

Anuradha Verma 2 years ago
Mumbai-based polymer products manufacturer Time Technoplast Ltd divested its 50...
Exclusive: Motilal Oswal Private Equity scores exit from maiden investment

Exclusive: Motilal Oswal Private Equity scores exit from maiden investment

Bruhadeeswaran R 1 year ago
The private equity arm of Motilal Oswal Financial Services Ltd has struck...
Zephyr Peacock Partially Exits Time Technoplast

Zephyr Peacock Partially Exits Time Technoplast

Madhav A Chanchani 8 years ago
Zephyr Peacock India Fund I has made a partial exit from its investment in Time...
No Comments

Time Technoplast To Acquire Majority Stake in Czech Company

Powered by WordPress.com VIP