Sanghvi Movers

[ashwind]

Action construction equipment ltd

Finally it comes, although not finalized, but seems the market rumours on 18th June has triggered this Exchange filing. Seems going the Escorts way, (possibly not confirmed) JV with Japanese player first, then possible equity and then finally takeover. Incase of Escorts this took 5+ years from initial JV. “Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that we are currently in discussions with KATO WORKS CO LTD.,…

This has the exchange filing by ACE, seems discussions are going on, but not finalized. ACE is not a competitor to SM, since they are into manufacturing of cranes as of now.