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Marine Electricals (India) Limited ( (IN:MARINE) ) has issued an announcement.
Marine Electricals (India) Limited has announced the completion of its acquisition of a 26% equity stake in Xanatech Synergies Private Limited, making it a wholly-owned subsidiary. This strategic move is expected to enhance Marine Electricals’ operational capabilities and strengthen its market position, potentially offering new opportunities for growth and expansion in the industry.
More about Marine Electricals (India) Limited
Marine Electricals (India) Limited operates in the electrical industry, focusing on providing a range of electrical solutions and services. The company is known for its expertise in marine electricals and has a significant presence in the market, catering to various sectors including marine, industrial, and commercial applications.
For detailed information about MARINE stock, go to TipRanks’ Stock Analysis page.