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Power & Instrumentation (Gujarat) to acquire controlling stake in PECL

02 Aug 2024 Evaluate

Power & Instrumentation (Gujarat) has planned to acquire controlling stake in Peaton Electricals Company (PECL) to make the said Company as subsidiary. This further acquisition will be based on the valuation of PECL and the consideration will be discharged by the Company in terms of the share purchase agreement to be executed.

The acquisition is of strategic nature facilitating the company of backward integration of its business with growth in revenue and margin. The Company already holds 15.23% stake of the Target Company and it will further acquire additional stake to increase it’s shareholding in the Target Company upto 60%. The acquisition of shares is likely to be completed within 18 months.

Power & Instrumentation (Gujarat) is engaged in providing a wide range of contracting based services in the field of Electrical, Mechanical and Instrumentation Engineering. The company has been providing the clients with complete turnkey solutions from concept to commissioning which includes design, procurement, installation, testing & commissioning and maintenance of the system.

Power & Inst. (Guj) Share Price

112.75 -2.88 (-2.49%)
24-Apr-2026 10:47 View Price Chart
Peers
Company Name CMP
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