V-Guard Industries to acquire 100% stake in Sunflame Enterprises for Rs 660 crore

V-Guard Industries signed definitive agreements to acquire 100% stake in Sunflame Enterprises for Rs 660 crore on a cash-free, debt-free basis, expected to close by mid-January 2023.

“The proposed acquisition is a key milestone in V-Guard's journey to have deeper engagement with its consumers by providing thoughtful products and experiences.”business-standard.com

• 1 source
• business-standard.comV-Guard Inds inks pact to acquire 100% stake in Sunflame EnterprisesCapital MarketDec 13, 2022

Summarized from public sources; check the original articles before acting on it.