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V-Guard Industries completes acquisition of balance 26% stake in Guts Electro-Mech

02 Sep 2022 Evaluate

V-Guard Industries has completed the acquisition of balance 26% of equity shares of Guts Electro-Mech, Subsidiary company, by making call option in accordance with the Share purchase and Subscription Agreement dated August 31, 2017 and the addendum executed. GUTS Electro-Mech has become wholly owned subsidiary of the company effective from September 1, 2022.  The cost of acquisition for the 26% equity stake as per the Share purchase and subscription agreement dated August 31, 2017 is Rs 6.2 crore.

V-Guard Industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.

V-Guard Inds. Share Price

305.75 3.00 (0.99%)
09-Jul-2026 16:59 View Price Chart
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