Numeric Power Systems has received an approval for sale of the UPS business of the company to Indo Asian Electric, a wholly owned subsidiary of Legrand France SA for a consideration of Rs 837.08 crore. To give effect to this transaction, both the parties concerned have entered into a business transfer agreement.
The company will continue to carry on its other activities like Green Energy - Solar and Wind Power, Iron and Alloy foundry production, LED lighting, etc. The board at its meeting held on February 09, 2012 has approved for the same.
Further, this sale is subject to the consent of members of the company, applicable statutory and other regulatory approvals.
Numeric Power Systems is an industrial leader and a reliable power solutions partner. It provides excellent power continuity and clean power through its Total Power Management solutions. It brings a wide range of world class power conditioning products, addressing the total spectrum of power protection needs, conforming to international standards such as UL or CE and RoHS compliance.
Company Name | CMP |
---|---|
DCX Systems | 312.00 |
Syrma SGS Technology | 399.70 |
Kaynes Technology | 2571.45 |
Centrum Electronics | 1818.15 |
Avalon Technologies | 495.50 |
View more.. |