Revathi Equipment decided to sell off

Revathi will soon acquiring a manufacturing facility in Chennai
It will also sell off all movable and immovable properties of the company related to the drill division and Revathi Equipment’s strategic investments in the equity shares of Monarch Catalyst Pvt Ltd and Potential Service Consultants Pvt Ltd.Revathi Equipment, part of New Delhi-based Renaissance Group, which acquired a 40% stake of the company from Atlas Copco Ltd and Chicago Pneumatic Tool Co in 2002, is looking at streamlining and focusing on the construction equipment sector by infusing further capital in the company.It is also looking at taking the business global by forming joint ventures and strategic alliances with several major players.
The notice said the company will soon be acquiring a manufacturing facility in Chennai for expanding the construction equipment business there.The construction equipment sector along with infrastructure is pegged at a size of over $2.25 billion and is growing at the rate of 30% annually.
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