Brief: Salzer Electronics Acquires 72.32% Of Kaycee Industries Ltd

Kaycee Industries

24/05/2019 11:37

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;))