2,000 per cent return multibagger stock, company acquires 80 per cent stake in Switzerland based firm Von Roll Holding AG

If an investor had invested Rs 1 Lakh in this company, it would have grown to approximately Rs 21 Lakhs in just ten years

According to the latest exchange filing, ELANTAS GmbH, the holding company of ELANTAS Beck India Limited, has entered into a purchase agreement with the von Finck family and tender agreements with the management of Von Roll Holding AG, Switzerland. According to these agreements, ELANTAS GmbH will acquire more than an 80 percent stake in Von Roll Holding AG, Switzerland.

Simultaneously, ELANTAS GmbH and Von Roll Holding AG, Switzerland, have announced a binding agreement. According to this agreement, ELANTAS GmbH will make a public offer to acquire all remaining shares of Von Roll Holding AG, Switzerland.

The tender offer and the purchase agreement are subject to the customary closing conditions for this type of transaction, including the necessary regulatory approvals.

Also, check: This trending stock announced a stock split.

Furthermore, at this stage, it will be difficult for the company management to determine the impact of this acquisition on ELANTAS Beck India Limited's operations. The company is making this notification for the benefit of a broader group of investors, as stated in its report.

ELANTAS Beck India Limited is involved in the manufacture of a broad spectrum of specialty chemicals in the electrical insulation and construction industries. It is a subsidiary of ALTANA, an international specialty chemicals group.

The company's shares closed at Rs 8043 each, which is Rs 343 or 4.46 percent up from its previous day’s closing price of Rs 7700 on the BSE.

The stock has yielded an impressive return of 1993 percent in the last ten years.

Keep a close eye on this trending stock.

Disclaimer: The article is for informational purposes only and not investment advice.