# 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.

- Type: Acquisition
- Announced: 2022-12-12
- Where: India
- Value: $79.5M (6.60B INR)
- Status: announced
- Products: kitchen appliances
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [V-Guard Industries](https://endata.com/companies/23142.md) (acquirer)
- [Sunflame Enterprises](https://endata.com/companies/67287.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/v-guard-inds-inks-pact-to-acquire-100-stake-in-sunflame-enterprises-122121300228_1.html), 2022-12-13: "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."

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