Windsor Machines’ shares surged, hitting the 10% upper circuit, following the announcement of its acquisition of Global CNC Private Limited (GCPL).
This strategic move will give Windsor Machines full control over GCPL, a key player in CNC machine manufacturing with expertise in advanced precision engineering and automated production solutions. GCPL recorded a turnover of Rs. 162 crore and a net worth of Rs. 17 crore for the fiscal year ending March 31, 2024.
Windsor Machines plans to acquire 100% equity at an estimated cost of Rs. 343.11 crore, aligning with its expansion into high-tech manufacturing solutions.
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