Hind Rectifiers touches roof on acquiring BeLink Solutions
Hind Rectifiers is locked its upper circuit at Rs. 1726.65, up by 82.20 points or 5.00% from its previous closing of Rs. 1644.45 on the BSE.
The scrip opened at Rs. 1687.05 and has touched a high and low of Rs. 1726.65 and Rs. 1687.05 respectively. So far 5502 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 2101.00 on 20-Aug-2025 and a 52 week low of Rs. 789.90 on 19-Sep-2024.
Last one week high and low of the scrip stood at Rs. 1726.65 and Rs. 1597.00 respectively. The current market cap of the company is Rs. 2967.04 crore.
The promoters holding in the company stood at 43.98%, while Institutions and Non-Institutions held 6.37% and 49.64% respectively.
Hind Rectifiers (Hirect) has acquired BeLink Solutions, a France-based Robotics, EMS and Electronics R&D company with 38 years of experience in the electronics industry. This acquisition will provide Hirect with a strategic manufacturing hub in Europe, strengthening its global presence.
Hirect, through its proposed subsidiary, has acquired the business and operating assets of BeLink Solutions for a total consideration of EUR 1 million, which will be paid entirely in cash and funded through internal accruals. A total of EUR 2 million is being infused into the proposed subsidiary, of which, Hirect will subscribe EUR 1 million as preference shares solely on its own, and the remaining EUR 1 million will be issued as equity shares in which Hirect will take 66% while the promoter group companies will subscribe the balance 34%. The transaction brings under Hirect’s ownership a state-of-the-art Production and Testing infrastructure. Additionally, the acquisition includes all the Plant & Machinery, intellectual property, technology, customer contracts, and purchase orders.
The acquisition of BeLink Solutions will provide Hirect with a strategic manufacturing base in Europe, enhancing its global manufacturing capabilities. BeLink Solutions is offering six fully automated production lines and advanced testing equipment, enabling Hirect to meet the evolving demands of its customers. BeLink is expected to generate EUR 13 million in revenue for 2025, with an additional EUR 10 million in pending orders for 2026.
Hind Rectifiers is engaged in developing, designing, manufacturing and marketing power semiconductors, power electronic equipments and railway transportation equipments.
