Pavna Industries has secured approval for acquisition of a 52.38% equity stake, representing 11,000 equity shares, in Pavna Electric Systems. Upon completion of the acquisition, Pavna Electric Systems will become a subsidiary of the company. The acquisition is expected to be completed within 120 days. The Board of Directors of the company, at its meeting held August 24, 2026, has approved the same.
The acquisition is proposed to leverage synergies between the businesses of both entities, as both operate in the automobile industry. The acquisition will enable the company to utilize complementary manufacturing capabilities, resources, technology, product portfolio and market presence, thereby enhancing operational efficiency, expanding business opportunities and strengthening its overall position in the automobile industry.
Pavna Industries is engaged in manufacturing of wide range of automotive components for reputed Original Equipment Manufacturers (OEMs) as per their requirements primarily catering to various vehicle segments, including, passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles and off-road vehicles.
