Acquisitions11 Sept 2025, 07:22 pm
Power & Instrumentation (Gujarat) Ltd Acquires 51.06% Stake in Peaton Electrical Company Ltd
AI Summary
Power & Instrumentation (Gujarat) Ltd (PIGL) has agreed to acquire an additional 35.82% stake in Peaton Electrical Company Ltd (PECL), bringing its total shareholding to 51.06%. This strategic acquisition will make PECL a subsidiary of PIGL. PECL specializes in manufacturing electrical materials and has a product portfolio that includes unitized substations, M.V. panels, L.V. panels, and bus trunking systems. The acquisition is expected to strengthen PIGL's product portfolio, enhance operational synergies, and position it for accelerated growth and increased profitability.
Key Highlights
- PIGL to acquire an additional 35.82% stake in PECL, bringing its total shareholding to 51.06%
- PECL to become a subsidiary of PIGL
- PECL specializes in manufacturing electrical materials
- The acquisition is expected to strengthen PIGL's product portfolio and enhance operational synergies
- PIGL positioning itself for accelerated growth and increased profitability