CG Power and Industrial Solutions has informed that the company has yesterday (4th October 2024) entered into a Definitive Agreement i.e., Asset Purchase Agreement with Renesas Electronics America Inc. & other affiliate entities of Renesas Electronics Corporation (‘Renesas’) for acquisition of Radio Frequency (‘RF’) Components business, through one or more subsidiaries to be incorporated by the Company. The aforesaid acquisition is subject to satisfactory completion of conditions precedent including obtaining approval from the Committee on Foreign Investment in the United States and subject to any other necessary regulatory and statutory approvals. Further details are in the annexed statement of disclosure furnished pursuant to Regulation 30 of the SEBI Listing Regulations. A copy of the Press Release issued in the above regard is further attached for information.
The above information is a part of company’s filings submitted to BSE.
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