 "CG Power")
CG Power and Industrial Solutions has completed the acquisition of G G Tronics for Rs 319 crore, the company said.
In a BSE filing on Tuesday, the company said it has completed the acquisition of G G Tronics on August 20.
Last month, the company entered into definitive agreements for acquisition of 55 per cent stake of GG Tronics through a combination of purchase of equity shares from GGT promoters and by way of subscription to compulsorily Convertible Preference Shares for an aggregate consideration of Rs 319.38 crore.
Pursuant to the completion of the said acquisition, GG Tronics is now a subsidiary of the company with effect from August 20, 2024, it said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
 "Power grid")
 "CG Power")
 "adani power energy sector")
 "The new plan has been put in place after the company's disclosure last week which said its liabilities, advances and net worth are understated")
 "CG Power")
