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V-Guard Industries gets nod to acquire majority stake in Guts Electromech

29 Mar 2017 Evaluate

V-Guard Industries has received in-principle approval from its board to acquire a majority stake in Guts Electromech. The company’s board gave approval for the same at meeting held on March 28, 2017. However, the company did not disclose the investment figures.

Guts Electromech is engaged in the manufacture and marketing of various kinds of domestic switch gears and power transformers, while V-Guard Industries manufactures a wide range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.

Peers
Company Name CMP
Waaree Energies 2565.00
Apar Industries 14358.85
Havells India 1170.00
Suzlon Energy 38.81
Siemens 3649.00
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