V-Guard Industries has received approval to make further investment in the securities of Gegadyne Energy Labs (GEL) to the tune of Rs 20.01 crore. Post-acquisition, of the proposed transaction, the shareholding in the company (GEL) will be 24.32% (on fully diluted basis) pursuant to which GEL will become associate company of V-Guard. The Board of Directors of the Company at their meeting held on October 31, 2023, has approved the same
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 | 1191.50 |
| Siemens | 3476.05 |
| Apar Industries | 14055.80 |
| ABB India | 6820.25 |
| Waaree Energies | 2862.50 |
| View more.. | |
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