MoneyWorks4Me

Exicom Tele-Systems completes third tranche investment in Exicom Power Solutions B.V.

11 Oct 2024 Evaluate

Exicom Tele-Systems has completed the remittance of third tranche investment on October 10, 2024. This involves subscribing to an additional Euro 7,59,219 ordinary shares each with a nominal value of Euro 1, of Exicom Power Solutions B.V., a wholly owned subsidiary, for cash consideration aggregating to EURO 7,59,219 (equivalent to Rs 7 crore).  The object of acquisition aims to meet the fund requirements of Exicom Power Solutions B.V in view of capitalizing the growing business opportunities and global expansion plans.

Exicom Tele-Systems specializes in power systems, electric vehicle (EV) charging, and other related solutions.


Peers
Company Name CMP
Waaree Energies 2342.90
Apar Industries 17648.65
Havells India 1040.60
Suzlon Energy 38.96
Siemens 3790.00
View more..