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Shilpi Cable Technologies to acquire 100% stake in GAL

31 Dec 2016 Evaluate

Shilpi Cable Technologies has received an approval for acquisition of 100% shareholding of Gulf Aglow LED Lighting FZCO (GAL), a UAE based company incorporated within the laws of UAE. GAL is engaged in the manufacturing of lighting products. The board of directors at its meeting held on December 30, 2016 has approved for the same.

Shilpi Cable Technologies is basically into the manufacture of RF cables to cater to the telecom sector and it also trade in cable accessories. The company’s products are industrial in nature.


Peers
Company Name CMP
Polycab India 8137.00
KEI Industries 4500.00
RR Kabel Ltd. 2379.50
Finolex Cables 1339.60
Precision Wire India 439.95
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