Acquiring Company
Classic Filaments Limited
Acquired Company
Procasts Engineering Private Limited
SuratIndiaManufacturingFashionTextilesManufacturingDescription
Classic Filaments Limited has acquired a 51% stake in Procasts Engineering Private Limited for ₹12.00 crore, making Procasts a subsidiary. The acquisition was completed on September 1, 2026, aligning Procasts' operations with Classic Filaments' textile business. The deal was approved by the Board and classified as a related-party transaction due to common promoters.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Procasts Engineering Private Limited?
Procasts Engineering Private Limited was acquired by Classic Filaments Limited, based in Surat. The deal was reported on September 5, 2026. Classic Filaments Limited is a textile company specializing in the manufacturing of various textile products. It is known for its innovative approaches in the textile sector. Classic Filaments Limited is privately held and operates in Manufacturing.
When did Classic Filaments Limited acquire Procasts Engineering Private Limited?
Classic Filaments Limited's acquisition of Procasts Engineering Private Limited was reported on September 5, 2026. Classic Filaments Limited has acquired a 51% stake in Procasts Engineering Private Limited for ₹12.00 crore, making Procasts a subsidiary. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Procasts Engineering Private Limited do?
Procasts Engineering Private Limited is an aluminium die casting firm incorporated in July 2021. It specializes in manufacturing components for various industries with a focus on quality and precision. It is privately held, operating in Manufacturing, and is based in India.
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