Board of Centum Electronics approves further investment in Centum Adetel Group SA

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Capital Market
Last Updated : Dec 11 2020 | 10:16 AM IST

At meeting held on 10 December 2020

The Board of Centum Electronics at its meeting held on 10 December 2020 has approved the proposal for further investment in Centum Adetel Group (CAG) SA. With the proposed investment, the company's stake in CAG will increase from 59.77% to 64.66%. This investment will be done through Centum Electronics UK, a wholly owned subsidiary of the company, subject to necessary approvals.

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First Published: Dec 11 2020 | 9:57 AM IST