
Acquisitions11 Feb 2024, 09:22 pm
PG Electroplast Limited to Acquire 100% Stake in Next Generation Manufacturers Private Limited
AI Summary
PG Electroplast Limited, a leading manufacturer of consumer durables and electronics, has announced that its wholly owned subsidiary, PG Technoplast Private Limited, has entered into a definitive agreement to acquire 100% stake in Next Generation Manufacturers Private Limited (NGM). The acquisition is expected to provide PGEL with access to NGM's physical infrastructure, including land, building, plant, and machinery, and will help the company expand its manufacturing business for growth and expansion.,
Key Highlights
- Acquisition of 100% stake in Next Generation Manufacturers Private Limited (NGM)
- Expansion of manufacturing business for growth and expansion
- Access to NGM's physical infrastructure
- Wholly owned subsidiary of PG Electroplast Limited (PGEL)