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BAJAJELEC - Bajaj Electricals News Story

₹426.4 -3.8  -0.9%

Last Trade - 11:17am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £497.3m
Enterprise Value £628.7m
Revenue £506.6m
Position in Universe 328th / 3003

BRIEF-Salzer Electronics Acquires 72.32% Of Kaycee Industries Ltd

Fri 24th May, 2019 11:37am
May 24 (Reuters) - Salzer Electronics Ltd  SALZ.NS :
    * ACQUIRES 72.32% STAKE IN KAYCEE INDUSTRIES LIMITED
    * DEAL FOR 160 MILLION RUPEES IN CASH
    * CMS GROUP AGREES TO EXIT KAYCEE INDUSTRIES LTD WHICH WAS
ACQUIRED BY CMS IN 2002 FROM BAJAJ ELECTRICALS
    * TO MAKE AN ADDITIONAL OFFER TO PURCHASE 26% STAKE  FOR 6
MILLION
RUPEES

Further company coverage:  SALZ.NS 

 ((Reuters.Briefs@thomsonreuters.com;))
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