V-Guard Industries

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.

V-Guard Industries Limited entered a Scheme of Amalgamation to acquire Simon Electric Private Limited from SIMON, SA for approximately INR 270 million on December 20, 2021.

V-Guard Industries received in-principle board approval to acquire a majority stake in Guts Electromech Ltd, a Hyderabad-based manufacturer of switch gears and power transformers. The deal is subject to due diligence and regulatory approvals.