DMR Engineering (BOM:543410) said it has been allotted 180,000 equity shares for 1.8 million Indian rupees through a private placement in DM Gates and Penstocks,
This has reduced DMR Engineering's stake in DM Gates and Penstocks to 45% from 60%, the filing said.
DM Gates and Penstocks provides engineering services for gates, valves, penstocks, and other hydromechanical systems, according to the filing.
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