Centum Electronics has received approval from board of directors for further investment in Centum Adetel Group (CAG) SA. With the proposed investment, the company stake in CAG will increase from the current level of 64.66% to 77.16%. Further, the above investment will be done through Centum Electronics UK, a wholly owned subsidiary of the company, subject to necessary approvals. The board of directors at its meeting held on February 14, 2022 has approved the same.
Centum Electronics is basically engaged in designing and manufacturing of advanced electronics systems, subsystems, and components.
