Board approves 95% stake acquisition in South Korea's Magnatech via share swap
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Integra Switchgear's board approved raising authorized capital from Rs 4 crore to Rs 225 crore. Key item: acquiring 95% stake in South Korea-based Magnatech Co. Ltd via share swap by issuing up to 19.91 crore equity shares at Rs 15 each. Also approved issuing 26.66 lakh shares to an Independent Director on preferential basis at Rs 15 per share. AGM set for September 30, 2026. All items need shareholder approval.
Massive potential share dilution from the share swap acquisition and preferential allotment. Stock may react sharply, with shareholder approval pending at the AGM.