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Published on 15/01/2021 4:54:47 PM | Source: Angel Broking Ltd

Views On V-Guard Industries By Mr. Amarjeet Maurya, Angel Broking

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Below are Views On V-Guard Industries By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

V-Guard Industries is one of the leading FMEG company. The company has announced that its Board has approved the acquisition of a minority stake (18.77%) in Gegadyne Energy Labs Private Limited (GEL) for a cash consideration of Rs33cr. GEL is a Mumbai based alternate battery technology start-up developing innovative energy storage (battery) solutions In our view, this is a positive development for the company and this move will help to build product capabilities for fueling future growth.

 

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