Acquisitions20 Aug 2026, 10:59 am
CG Power's Axiro Acquires Tosil Systems for ₹16.44 Cr
AI Summary
CG Power and Industrial Solutions Limited, through its wholly-owned subsidiary Axiro Semiconductor Private Limited, has completed the acquisition of 100% shareholding in Tosil Systems Private Limited. The acquisition, initially agreed upon for a consideration of ₹16.44 Crores, involved Axiro purchasing 5,00,000 equity shares of Tosil. Consequently, Tosil Systems Private Limited has now become a wholly-owned subsidiary of Axiro Semiconductor Private Limited, as per Section 2(87) of the Companies Act, 2013. This move signifies a strategic expansion for CG Power in the semiconductor sector.
Key Highlights
- Axiro Semiconductor, a subsidiary of CG Power, has acquired Tosil Systems.
- The acquisition is for 100% of Tosil's shareholding.
- The total consideration for the acquisition is ₹16.44 Crores.
- Tosil Systems is now a wholly-owned subsidiary of Axiro Semiconductor.
Price Impact
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