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V-Guard Industries hikes stake in GUTS Electro-Mech to 74%

31 Aug 2017 Evaluate

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.

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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