Ashish Kacholia bought 6.99 lakh shares of Marshall Machines Ltd today in a bulk deal.
The price paid by share is Rs 41.88. The total investment is Rs 2.93 crore.
Ashish Kacholia now holds 4.8% in Marshall Machines Ltd.
Marshall Machines Ltd is a SME manufacturing high precision Bench Lathes, Heavy Duty Lathes & Capstan Lathes.
The Product range includes All Geared Lathes, Multi Spindle Drilling/Tapping Machines & Special Purpose Machines.
It has a technical tieup with an American Company named Path Wizard Inc. It also manufactures CNC Lathes in collaboration with Siemens/Fanuc CNC Controls in India.
Its latest generation Slant Bed CNC Turning Centers have been developed by benchmarking against the leading machine tool manufactures in the world.
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