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Quality Power Electrical Equipments Ltd. ( (IN:QPOWER) ) just unveiled an announcement.
Quality Power Electrical Equipments Limited has announced that its subsidiary, Quality Power Engineering Projects Private Limited, has executed a share subscription and shareholders’ agreement to acquire a 76% equity stake in Veeral Controls Private Limited, a Gandhinagar-based company engaged in the design, development and manufacturing of power electronics components and systems. Following the transaction, Veeral Controls will become a step-down subsidiary of Quality Power, a move aimed at broadening the group’s technology base in high-current power conversion and proprietary rectifier and power conversion technologies, and creating product synergies that bolster its presence in green hydrogen, industrial, rail and defense applications; the all-cash deal is not classified as a related-party transaction and does not require specific regulatory approvals, underscoring a relatively straightforward expansion of Quality Power’s capabilities and market reach.
More about Quality Power Electrical Equipments Ltd.
Quality Power Electrical Equipments Limited operates in the power and electrical equipment sector through its subsidiaries, focusing on engineering projects and solutions for industrial and infrastructure applications. The group is expanding its footprint in advanced power electronics and related systems to serve sectors such as green hydrogen, industrial, rail, and defense through technology-driven offerings.
Average Trading Volume: 30,011
Technical Sentiment Signal: Hold
Current Market Cap: 57.47B INR
See more insights into QPOWER stock on TipRanks’ Stock Analysis page.