Narmada Macplast Drip Irrigation Systems Ltd

Narmada Macplast Expands into New Markets with GSK Industries Stake Acquisition 💧📈

- Narmada Macplast acquires 51% stake in GSK Industries for ₹390 per share (₹380 premium).

- GSK Industries manufactures HDPE Sprinkler pipes, Drip Irrigation Pipes, MDPE Pipes, and Valves.

- Acquisition expands Narmada Macplast’s business beyond drip irrigation into broader industrial segments.

- GSK’s recent turnovers: ₹5,921.42L (2024-25), ₹9,744.30L (2023-24), ₹10,666.14L (2022-23).

- Transaction expected to complete in 10-12 months.

- No related party transactions or government approvals required.