Consumer electrical and electronics manufacturer, V-Guard Industries has acquired 782,176 equity shares of Rs 10 each of GUTS Electro-Mech, Hyderabad, through Share Purchase and Subscription Agreement dated August 31, 2017.
The total shareholding of the company in GUTS Electro-Mech, including the acquisition of shares made vide Share Purchase Agreement dated August 21, 2017, is 1,454,223 equity shares of Rs 10 each and the same constitutes 74% of the paid-up share capital.
V-Guard industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.
