Harmony Capital to Acquire 51% Stake in Truvolt Engineering

Harmony Capital Service Ltd announced its Board of Directors has approved the acquisition of approximately 51% equity stake in Truvolt Engineering Co Pvt Ltd through a share swap arrangement. The company will issue up to 1,26,47,400 equity shares at ₹66 per share, aggregating to ₹83,47,28,400, in consideration for the acquisition. Truvolt Engineering will become a subsidiary upon completion. The Board also approved the unaudited financial results for the quarter ended June 30, 2026, and independent valuation reports for both companies.