Salzer Electronics to acquire 72.32% stake in Kaycee Industries

25 May 2019 Evaluate

Salzer Electronics has entered into a Share Purchase Agreement for acquisition of entire 45,899 equity shares of Kaycee Industries representing 72.32% of the Total paid-up shares at a Price of Rs 3,475 per share from its Principal Promoter - Universal Trust. 

Since both Salzer Electronics and Kaycee Industries are in the same line of business, Salzer, with this acquisition, would drive more synergies in products offering with new range of Products on one side and strengthen its growth on the other side with immediate effect. The completion is expected during the second quarter of FY20, subject to receipt of approval from SEBI.

Salzer Electronics is a Leading player offering Total and Customized Electrical Solutions in Switchgears, Wires & Cables and Energy Management business. The Company caters to a wide range of products with five In-house manufacturing facilities, located in Coimbatore and Himachal Pradesh. 

Salzer Electronics Share Price

821.00 -6.50 (-0.79%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Siemens 5230.00
Havells India 1522.45
Apar Inds 6986.80
ABB India 6350.00
CG Power & Indl.Soln 539.95
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.