Uravi T and Wedge Lamps Limited Announces Strategic Acquisition of Majority Stake in SKL (India) Private Limited by Venturing into Defence Sector
Jun 28, 2024
Mumbai (Maharashtra) [India], June 28: Uravi T & Wedge Lamps Limited (NSE Code: URAVI, BSE Code: 543930), one of the leading manufacturers and supplier of incandescent and wedge-based automotive lamps, is pleased to announce its decision to acquire up to 55% of the shares of SKL (India) Private Limited ("SKL India") through a secondary acquisition, in one or more tranches. The total consideration for this acquisition is up to Rs 20.1 Crores, which will be paid to the existing promoters of SKL India ("the Sellers").
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