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CG Power and Industrial Solutions informs about update on the acquisition

12 Mar 2025 Evaluate

Further to its earlier disclosure dated 5th October, 2024 having ref.no. COSEC/158/2024-25 informing about the execution of the 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. As the said acquisition was 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, CG Power and Industrial Solutions has informed that the regulatory approval from the Committee on Foreign Investment in the United States has been obtained on 10th March, 2025 and received by them on 11th March, 2025. Further details to be furnished pursuant to Regulation 30 of the SEBI Listing Regulations was already covered in the earlier disclosure referred above.

The above information is a part of company’s filings submitted to BSE.

CG Power & Indl.Soln Share Price

774.85 19.05 (2.52%)
17-Apr-2026 16:59 View Price Chart
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