GMM Pfaudler buys majority stake in Pfaudler group

GMM Pfaudler buys majority stake in Pfaudler group

by admin- Wednesday, February 17th, 2021 04:13:02 PM

GMM Pfaudler has efficaciously finished the transaction to acquire a majority stake of its discern, the Pfaudler Group from the non-public equity firm Deutsche Beteiligungs AG Fund VI, after receiving all important regulatory approvals.

Pursuant to the acquisition, GMM has grow to be the remaining holding business enterprise of the Pfaudler group, with the complete commercial enterprise of Pfaudler being consolidated into GMM. The mixed revenue of the entity is anticipated to be round Rs 20 bn (USD 267 million).

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