Nupur Recyclers Limited (NSEI:NRL) agreed to acquire 80% stake in Frank Metals Recyclers Private Limited on February 13, 2024. Under the terms, consideration shall be paid partly in cash and partly in other than cash. Frank Metals reported turnover of INR 0.002 million as on March 31, 2023.

The transaction has been approved by the Board of Directors of Nupur Recyclers Limited. The transaction is expected to complete within 2 months.