Salzer Electronics to buy 72.32% stake in Kaycee Industries

Salzer Electronics Limited signed a deal to acquire a 72.32% stake in Kaycee Industries Limited in an all-cash deal, with an additional offer for 26% from public for a total equity value of Rs 22 crores. The acquisition is subject to regulatory approvals.

“Salzer Electronics will fund this transaction through a mix of internal accruals and debt.”business-standard.com

• 1 source
• business-standard.comSalzer Electronics to buy 72% stake in Kaycee Industries in all cash deal | Company News - Business StandardT E NarasimhanMay 27, 2019

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