Bajaj Electricals has completed the procedure towards purchase/acquisition of additional 2,671 (0.37%) equity shares in Nirlep Appliances (Nirlep), a subsidiary of the Company, from all the other shareholders of Nirlep, for a cash consideration at Rs 695.81 per equity share. With the above purchase/acquisition, the entire 100% equity share capital of Nirlep is now legally and beneficially held by the Company along with its nominees, and consequently, Nirlep has now become a wholly-owned subsidiary company of the Company.
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.
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