Acquisitions25 Apr 2026, 05:40 pm
Fujiyama Power Systems to Acquire 31% Stake in Zayo Energy & Cables
AI Summary
Fujiyama Power Systems Ltd has announced the acquisition of 31% of the paid-up equity share capital in Zayo Energy Private Limited (ZEPL) and Zayo Cables Private Limited (ZCPL). Following the acquisition, both companies will become associate companies of Fujiyama Power Systems. The acquisition of ZEPL is expected to be completed within 30 days for a cash consideration of ₹31,000. This move will enable backward integration and strengthen the company's value chain.
Key Highlights
- Fujiyama Power Systems to acquire 31% stake in Zayo Energy and Zayo Cables.
- Zayo Energy and Zayo Cables will become associate companies of Fujiyama Power Systems.
- Acquisition of Zayo Energy is expected to complete within 30 days.
- Cash consideration for Zayo Energy acquisition is ₹31,000.
- The acquisition aims to enable backward integration and strengthen the value chain.