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In Brief
Thursday, 27 May 2021 18:15 Corporate M&A
Switzerland-based mechanical engineering company Ammann Group Holding AG has fully acquired the stake of its partner in a
joint venture. Gujarat Apollo Industries Ltd, which operates Ammann India Pvt. Ltd, is selling its 30% stake in the JV for Rs 202.43 crore (approximately $26.57 million at current exchange rates).