# 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.

- Type: Acquisition
- Announced: 2022-01-03
- Where: India
- Value: $533K (40.0M INR)
- Status: announced
- Products: low voltage switchgear, electrical switches, sockets, distribution boxes, switchboards, MCB, bulb holders
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Stove Kraft](https://endata.com/companies/60042.md) (acquirer)
- [SKAVA Electric Private Ltd](https://endata.com/companies/60043.md) (target)

## Sources

- [indiainfoline.com](https://www.indiainfoline.com/news/mergers-acquisitions/stove-kraft-to-step-in-electric-switches-accessories-segment-via-acquisition-of-skava-electric-biz-stock-gains-3), 2022-01-03: "This acquisition will act as a natural extension to our existing product offerings of Pigeon LED."

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