Acquisitions23 Sept 2026, 02:51 pm
Wonder Electricals Buys Geyser Plant for ₹16.5 Cr
AI Summary
Wonder Electricals Ltd announced today that its Board of Directors has approved the purchase of the manufacturing plant (excluding land) for geysers from Onkar Engine and Generator Private Limited. The acquisition is expected to increase the company's bottom line and provide business during the lean period for fans. The company plans to add 20% to its existing capacity within one year, requiring an investment of approximately ₹16.50 Crores plus applicable tax, which will be financed through bank borrowing.
Key Highlights
- Board approved purchase of geyser manufacturing plant.
- Acquisition cost estimated at ₹16.50 Crores plus tax.
- Capacity to be added within one year.
- Financing will be through bank loans.
- Rationale includes boosting bottom line and diversifying business.
Price Impact
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