Acquisitions17 Aug 2026, 02:55 pm
CG Power to Acquire Tosil Systems for ₹16.44 Cr
AI Summary
CG Power and Industrial Solutions Ltd, through its wholly owned subsidiary Axiro Semiconductor Private Limited, has entered into a definitive agreement to acquire 100% of Tosil Systems Private Limited for ₹16.44 Crores. Tosil is an established semiconductor and embedded engineering services company. This acquisition is expected to enhance CG Power's semiconductor design capabilities. The deal is subject to the completion of conditions precedent and is anticipated to close by August 31, 2026. The transaction is an arm's length deal and does not involve related parties.
Key Highlights
- CG Power subsidiary to acquire 100% of Tosil Systems.
- Acquisition cost set at ₹16.44 Crores in cash.
- Deal strengthens CG Power's semiconductor design capabilities.
- Transaction subject to conditions precedent, expected by Aug 31, 2026.
- Acquisition is an arm's length transaction.
Price Impact
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