Stove Kraft acquires SKAVA Electric business for Rs4cr

Stove Kraft will acquire the business and IPR rights of SKAVA Electric Private Ltd on a slump sale basis for Rs4 crore in cash, foraying into low voltage switchgear manufacturing. The company also plans an additional CAPEX of Rs5cr over 3-4 years.

“This acquisition will act as a natural extension to our existing product offerings of Pigeon LED.”indiainfoline.com

• 1 source
• indiainfoline.comStove Kraft to step in Electric Switches & Accessories segment via acquisition of SKAVA Electric biz; Stock gains 3%Jan 3, 2022

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