Mahindra CIE Automotive to acquire Aurangabad Electricals for Rs 875.6 crore

Mahindra CIE Automotive's board approved the acquisition of 100% equity of Aurangabad Electricals Ltd for an enterprise value of Rs 875.6 crore (including up to Rs 62.2 crore deferred payment). The acquisition is expected to complete on or before April 10, 2019.

“This acquisition allows MCIE to enter the aluminum die casting technology.”timesofindia.indiatimes.com

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• timesofindia.indiatimes.comMahindra CIE to acquire Aurangabad Electricals for Rs 875.6 cr - Times of IndiaPTIMar 12, 2019

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