V-Guard board approves majority stake acquisition in Guts Electromech

V-Guard Industries received in-principle board approval to acquire a majority stake in Guts Electromech Ltd, a Hyderabad-based manufacturer of switch gears and power transformers. The deal is subject to due diligence and regulatory approvals.

“The board of directors of the company considered the proposal to acquire majority stake in the equity of Guts Electromech Ltd, Hyderabad, and accorded its in-principle approval to make the investment.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comV-Guard board okays acquisition of Guts Electromech - The HinduBusinessLineRajalakshmi SMar 28, 2017

Summarized from public sources; check the original articles before acting on it.