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V-Guard Industries acquires 49.43% stake in GUTS Electro-Mech

22 Aug 2017 Evaluate

Consumer electrical and electronics manufacturer, V-Guard Industries has acquired 6,72,047 equity shares of Rs 10 each of GUTS Electro-Mech, Hyderabad, constituting 49.43% of the present paid-up capital, through Share Purchase Agreement dated August 21, 2017.

V-Guard industries manufactures a 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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