MoneyWorks4Me

Bajaj Electricals acquires 79.85% equity shares of Nirlep

04 Sep 2018 Evaluate

Bajaj Electricals has implemented the transaction towards acquisition of 79.85% equity shares of Nirlep Appliances (Nirlep) under the Share Purchase and Shareholders Agreement dated June 15, 2018 (Agreement) executed with Nirlep and its shareholders.

Bajaj Electricals is an electrical equipments manufacturing company. It is engaged in the manufacturing of domestic appliances such as water heaters, mixers, food processors, microwave ovens, air coolers, steam & dry irons, etc.

Peers