CG Power and Industrial Solutions’ wholly owned subsidiary-- Axiro Semiconductor has entered into a Definitive Agreement i.e., Securities Purchase Agreement for the acquisition of 100% of the shareholding in Tosil Systems (Tosil) for a consideration of Rs 16.44 crore.
The proposed acquisition will strengthen the company's semiconductor design capabilities by adding Tosil's embedded, silicon and application engineering design and development services business, complementing the company's existing semiconductor business.
The acquisition is expected to be completed on or before August 31, 2026 or such extended date as may be mutually agreed, subject to satisfactory completion of the conditions precedent contained in the Securities Purchase Agreement.
CG Power and Industrial Solutions is an engineering conglomerate with an impressive and diverse portfolio of products, solutions and services for Power and Industrial equipment and solutions, addressing myriad needs.
| Company Name | CMP |
|---|---|
| Havells India | 1300.00 |
| Apar Industries | 16513.15 |
| Siemens | 3942.10 |
| ABB India | 7658.00 |
| Waaree Energies | 2707.00 |
| View more.. | |
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