# 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.

- Type: Acquisition
- Announced: 2019-03-12
- Where: India
- Value: $122.0M (875.6M INR)
- Status: announced
- Products: aluminum die-cast parts, body parts, brake parts, engine parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mahindra CIE Automotive](https://endata.com/companies/34516.md) (acquirer)
- [Aurangabad Electricals](https://endata.com/companies/37960.md) (target)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/mahindra-cie-to-acquire-aurangabad-electricals-for-rs-875-6-cr/articleshow/68377032.cms), 2019-03-12: "This acquisition allows MCIE to enter the aluminum die casting technology."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.