# Shirdi Sai Electricals completes acquisition of 69.36% stake in Indo Tech Transformers

Shirdi Sai Electricals Limited completed the acquisition of a 69.36% stake in Indo Tech Transformers Limited from Prolec GE for approximately INR 630 million.

- Type: Acquisition
- Announced: 2020-03-31
- Where: India
- Value: $8.40M (630.0M INR)
- Status: completed
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Prolec GE](https://endata.com/companies/13625.md) (partner)
- [Shirdi Sai Electricals Limited](https://endata.com/companies/29031.md) (acquirer)
- [Indo Tech Transformers Limited](https://endata.com/companies/46203.md) (target)

## Sources

- [in.marketscreener.com](https://in.marketscreener.com/quote/stock/INDO-TECH-TRANSFORMERS-LI-6498649/news/Shirdi-Sai-Electricals-Limited-completed-the-acquisition-of-69-36-stake-in-Indo-Tech-Transformers-L-37431300/), 2020-03-30: "Shirdi Sai Electricals Limited completed the acquisition of 69.36% stake in Indo Tech Transformers Limited from Prolec GE, S. de R.L. de C.V."

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