Brief: Mahindra CIE Automotive Approves Acquisition Of Aurangabad Electricals For 8.30 Bln Rupees

CIE Automotive India

12/03/2019 06:40

March 12 (Reuters) - Mahindra CIE Automotive Ltd  MAHN.NS :
    * SAYS APPROVED ACQUISITION OF 100 PERCENT OF ISSUED AND
OUTSTANDING SHARE CAPITAL OF AURANGABAD ELECTRICALS LIMITED
    * SAYS ACQUISITION IS PROPOSED TO BE COMPLETED ON OR PRIOR
TO
APRIL 10
    * SAYS EFFECTIVE NET EQUITY CONSIDERATION FOR THE DEAL 8.30
BILLION RUPEES

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Further company coverage:  MAHN.NS 

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