Acquisitions6 Oct 2025, 05:10 pm
KRN HVAC Products to Acquire Bus Air-Conditioning Division of Sphere Refrigeration Systems
AI Summary
KRN Heat Exchanger And Refrigeration Ltd announced that its wholly owned subsidiary, KRN HVAC Products Private Limited, has approved the signing of a Business Transfer Agreement (BTA) with Sphere Refrigeration Systems Private Limited (SRSPL). Under this agreement, KRN HVAC will acquire the business of the Bus Air-Conditioning division carried out by SRSPL. This acquisition is expected to enhance revenues and profitability of KRN HVAC.
Key Highlights
- KRN HVAC Products Private Limited to acquire Bus Air-Conditioning division of Sphere Refrigeration Systems Private Limited.
- Acquisition expected to enhance revenues and profitability of KRN HVAC.
- Business transfer to be effective from the signing of the BTA.
- Promoters/employees engaged in the Bus Air-Conditioning division at SRSPL to be transferred to KRN HVAC.