The board of Nu Tek India has appointed Sachin Mehra as additional director.
The board has approved the acquisition of Sugan Automatics and decided to invest up to Rs 3.5 crore in the equity shares of Sugan Automatics for acquiring majority shareholding and to facilitate LC and CC limits up to Rs 15 crore subject to the signing and execution of shareholder agreement between the parties.
The decision on the appointment of J P Agrawal as director of the company was also deterred by the board unanimously.
This was decided at the board meeting held on 30 October 2008.
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