Centum Electronics’ board has approved the proposal for further investment in Centum Adetel Group (CAG) SA. With the proposed investment, the company’s stake in CAG will increase from the current level of 59.77% to 64.66%. Further, the said investment will be done through Centum Electronics UK Limited, a wholly owned subsidiary of the company, subject to necessary approvals. The board of directors of the company at their meeting held on December 10, 2020 has approved the same.
Centum Electronics is 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.
Company Name | CMP |
---|---|
DCX Systems | 310.10 |
Syrma SGS Technology | 467.00 |
Kaynes Technology | 2633.10 |
Centrum Electronics | 1837.10 |
Avalon Technologies | 515.00 |
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