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V-Guard Industries Rises Most In Nine Months After Acquiring RCCB, MCB Maker Guts Electromech

Shares of V-Guard Industries Ltd. gained the most in over nine months on buying the remaining 26% stake in voltage stabiliser maker, Guts Electromech Ltd. for Rs 6.2 crore.

Following the acquisition, Hyderabad-based Guts Electromech will become a wholly owned subsidiary of V-Guard Industries, effective from Thursday. The company is engaged in the business of manufacturing and supplying miniature circuit breakers and residual current circuit breakers.

The company reported a net profit of Rs 2.87 crore on revenue of Rs 59.43 crore in the fiscal ended March 30, 2022.

Source: Exchange filing, Bloomberg

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