Amara Raja Batteries has received approval from board of directors for secondary acquisition of 100% of the equity share capital of Amara Raja Power Systems (ARPSL) at a consideration of Rs 133 crore, from RNGalla Family (‘RFPL’) and authorized its officials to finalize and execute transaction/binding agreements. This integration move is expected to strengthen the product offering to the evolving Electric mobility ecosystem. This acquisition also helps in strengthening the solution offering to the energy storage applications.
Amara Raja Batteries is the flagship company of the group and is engaged in manufacturing of industrial and automotive batteries. The company was first to introduce Valve Regulated Lead Acid (VRLA) batteries with three year warranty in industrial and automotive applications.
