Fabtech Technologies Cleanroom Ltd Increases Stake in Kelvin to 51%, Making It a Subsidiary
Apr 07, 2025
Mumbai (Maharashtra) [India], April 7: Fabtech Technologies Cleanroom Ltd, a BSE-listed company specializing in cleanroom solutions, today announced that it has increased its ownership stake in Kelvin Air Conditioning & Ventilation Systems Pvt. Ltd. (Kelvin) from one-third to 51%. This acquisition of a majority stake elevates Kelvin from an affiliate to a subsidiary of Fabtech, solidifying Fabtech's and Kelvin's operations and resources. The move is a significant step in Fabtech's growth strategy, aimed at bolstering its overall capabilities in the heating, ventilation, and air conditioning (HVAC) domain critical to cleanroom environments.