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.
| Company Name | CMP |
|---|---|
| Havells India | 1257.90 |
| Siemens | 3830.00 |
| Apar Inds | 12385.00 |
| ABB India | 7177.00 |
| Waaree Energies | 3223.00 |
| View more.. | |
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