Acquisitions8 Sept 2026, 07:41 pm
Systematic Industries Acquires Wire Brigade for ₹21.5 Cr, Raises ₹33.94 Cr
AI Summary
Systematic Industries Limited announced the acquisition of 100% equity in Wire Brigade Industries Private Limited for ₹21.50 Crore, funded by a mix of share swap and cash. This strategic move expands Systematic's manufacturing capacity to 1.72 Lakh MT, adding a facility in Howrah, West Bengal, to cater to Eastern India. Concurrently, the company is raising ₹33.94 Crore through a preferential issue at ₹228 per share. This includes ₹21.49 Crore for the Wire Brigade acquisition via share swap and ₹12.45 Crore in cash from identified investors, strengthening its capital base and manufacturing footprint.
Key Highlights
- Acquires Wire Brigade for ₹21.50 Cr, increasing capacity to 1.72 Lakh MT.
- Raises ₹33.94 Cr via preferential issue, strengthening capital base.
- Acquisition enhances presence in Eastern India with a new manufacturing base.
- Consolidates promoter group business under the listed entity.
- Strategic expansion aims to cater to growing customer demand across India.
Price Impact
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