Centum Electronics has signed Share Purchase Agreement (SPA) with Rakon for sale of entire 51% stake held by the company in Centum Rakon India for $5.5 million. The Share Purchase Agreement (SPA) has been executed on April 27, 2018.
Centum Electronics is basically engaged in designing and manufacturing of advanced electronics systems, subsystems, and components. These products cater to various segments such as communications, military, space, automotive and industrial electronics.