Acquisitions6 Mar 2026, 09:37 pm
Spectrum Electrical Industries Acquires 100% Stake in Alric Electric for Rs.1,11,00,000
AI Summary
Spectrum Electrical Industries Limited has announced the successful completion of the acquisition of 100% equity stake in Alric Electric Private Limited. The acquisition was completed on 6th March, 2026, where Spectrum acquired 10,000 equity shares, representing 100% of the equity share capital of Alric Electric, for a total amount of Rs.1,11,00,000. The acquisition was executed through Securities Transfer Forms in accordance with the provisions of the Companies Act, 2013.
Key Highlights
- Spectrum Electrical Industries acquires 100% stake in Alric Electric Private Limited
- Total acquisition amount is Rs.1,11,00,000
- Acquisition of 10,000 equity shares from existing shareholders
- Completion date of acquisition is 6th March, 2026
- Acquisition executed through Securities Transfer Forms as per Companies Act, 2013