NIBE Ltd had earlier announced regarding acquisition of 50% stake in Indigenous Casting Technology Private Limited, having land admeasuring Gut No. 277, at Post Nighoje, Tal Khed, Pune 410501 allotted by MIDC.
Nibe Limited, formerly known as Kavita fabrics Limited has signed definitive agreement on December 09, 2022, to acquire the 100.00% stake in Indigenous Casting Technology Private Limited.