Pitti Engineering Ltd (BOM:513519)
₹ 1316 -11.7 (-0.88%) Market Cap: 46.67 Bil Enterprise Value: 52.07 Bil PE Ratio: 43.57 PB Ratio: 10.13 GF Score: 88/100
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Pitti Engineering Ltd to Discuss Acquisition of Dakshin Foundry Private Ltd - M&A Call Transcript

Jul 31, 2024 / 10:30AM GMT
Release Date Price: ₹1204 (+0.41%)
Operator

Ladies and gentlemen, good day, and welcome to Pitti Engineering's conference call to discuss the acquisition of Dakshin Foundry Private Limited. (Operator Instructions)

Please note that this conference is being recorded. Before we begin, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For a list of such considerations, please refer to the earnings presentation.

I would now like to hand the conference over to Mr. Akshay Pitti.

Thank you, and over to you, sir.

Akshay Pitti
Pitti Engineering Limited - Vice Chairman & MD

Thank you, and welcome to everyone for the conference call to discuss the acquisition of Dakshin Foundries Private Limited.

Pitti Engineering Limited has acquired 100% share capital of Dakshin Foundry Private Limited at an equity valuation of INR153.12 crores. The cost of acquisition comprises the business value and working capital of Dakshin Foundry as on June 30, 2024. Dakshin Foundry is a debt-free

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