Acquisitions30 Jul 2025, 03:20 pm
Indef Manufacturing Ltd to Acquire 80% Stake in Daedalus Lift & Access Equipments for ?5.07 Crores
AI Summary
Indef Manufacturing Ltd, a leading company in the manufacturing sector, has announced its decision to invest ?5.07 crores in Daedalus Lift & Access Equipments Private Limited, a Pune-based company focused on Mobile Elevating Work Platforms and Material Handling. The acquisition of 80% equity shares is expected to widen Indef's product portfolio and strengthen its presence in the market.
Key Highlights
- Indef Manufacturing Ltd to invest ?5.07 crores in Daedalus Lift & Access Equipments
- Acquisition of 80% equity shares in Daedalus
- Daedalus to become a subsidiary of Indef Manufacturing Ltd post-acquisition
- Strategic acquisition to widen Indef's product portfolio
- Daedalus focused on Mobile Elevating Work Platforms and Material Handling