# Veto Switchgears & Cables acquires 46% stake in Vankon Modular

Veto Switchgears & Cables has acquired a 46% stake in Vankon Modular, a Mumbai-based manufacturer of electrical accessories, LED lighting, wires and cables.

- Type: Acquisition
- Announced: 2020-11-18
- Where: Mumbai, India
- Value: $282K (20.9M INR)
- Status: completed
- Products: electrical accessories, LED lighting, wires, cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Veto Switchgears & Cables](https://endata.com/companies/42658.md) (acquirer)
- [Vankon Modular](https://endata.com/companies/51294.md) (target)

## Sources

- [moneyworks4me.com](https://www.moneyworks4me.com/company/news/index/id/395346), 2020-11-18: "Veto switch gears & cables has acquired 46% stake in Vankon modular, Mumbai."
- [tndindia.com](https://www.tndindia.com/veto-switchgears-acquires-stake-vankon-modular/), 2020-11-19: "Veto Switchgears said that it has acquired 46 per cent equity stake in Mumbai-based Vankon Modular Pvt Ltd."

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