Acquisitions16 May 2025, 07:41 pm
Endurance Technologies Completes Acquisition of Maxwell Energy Systems
AI Summary
Endurance Technologies Ltd has completed the acquisition of the remaining 38.50% stake in Maxwell Energy Systems Private Limited. This follows the Share Purchase Agreement executed with minority shareholders of Maxwell on 8th May, 2025. The Company has remitted the agreed total amount of Rs. 75,009,078 towards the purchase consideration. As a result, the minority shareholders have transferred all rights, title, interest, and benefits in 52,749 equity shares of Maxwell to the Company. Maxwell has now become a wholly-owned subsidiary of Endurance Technologies Ltd.
Key Highlights
- Endurance Technologies Ltd has completed the acquisition of the remaining 38.50% stake in Maxwell Energy Systems Private Limited.
- The Company has remitted the agreed total amount of Rs. 75,009,078 towards the purchase consideration.
- Minority shareholders have transferred all rights, title, interest, and benefits in 52,749 equity shares of Maxwell to the Company.
- Maxwell has now become a wholly-owned subsidiary of Endurance Technologies Ltd.