Nupur Recyclers Limited has informed the Exchange about Agreements
NRL · price
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Nupur Recyclers Limited (NRL) has signed a Share Purchase Agreement to acquire a 51% stake in Tycod Autotech Private Limited, an auto-tech company, as a going concern. The deal includes Tycod's land, building, plant and machinery, other fixed assets, stock, current assets, and current liabilities. The acquisition is being done jointly with Dickey Mudra Fund (a scheme of Dickey Alternative Investment Trust). NRL currently holds no prior shareholding in Tycod, and the transaction is not a related party deal, with no special rights being granted to either side.
This is a strategic acquisition that expands NRL's presence into the auto-tech segment beyond its core recycling business. Shareholders should watch for further disclosures on the deal valuation, funding, and any potential open offer obligation arising from the 51% acquisition, which could affect the stock in the short term.