GeeCee Ventures Sparks Growth: 3.8 Million Rupees Plugged Into Precision Wires

GeeCee Ventures Ltd has made an investment of 3.8 million rupees in Precision Wires India Ltd. by acquiring 27,915 equity shares through Open Market purchase resulting in total investment of Rs. 2.40 crores in Precision Wires India Ltd. 

 

This investment, is the latest in GeeCee Ventures' drive to diversify its portfolio and consolidate its position in the electrical and industrial manufacturing industry. The company revealed that the funds were used in purchasing equity shares of Precision Wires, reflecting its faith in the growth potential of the wire manufacturing industry.

 

This strategic investment follows a string of similar investments by GeeCee Ventures in the past weeks as the company continues to invest capital in prospective industries. Such investments, market analysts observe, are a demonstration of GeeCee Ventures' continued focus on value creation for its shareholders and the growth of leading players in key industries such as Precision Wires.

 

Source: Refinitiv