Pitti Engineering to acquire Bagadia Chaitra Industries for Rs 125 crore

Pitti Engineering Limited agreed to acquire 100% of Bagadia Chaitra Industries Private Limited, a manufacturer of electrical laminations and aluminum die cast rotors, at an enterprise valuation of Rs 125 crore. The acquisition will strengthen PEL's presence in South India.

“The acquisition of BCIPL is an important step in this direction as it is strategically relevant, provides enhanced operational strength and adds customer base.”timesofindia.indiatimes.com

• 1 source
• timesofindia.indiatimes.comPitti Engineering to buy Karnataka-based Bagadia Chaitra Industries at enterprise valuation of Rs 125 crSwati BharadwajMar 11, 2024

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