Jash Engineering gains on planning to acquire WesTech Process Equipment India
Jash Engineering is currently trading at Rs 584.95, up by 11.20 points or 1.95% from its previous closing of Rs 573.75 on the BSE.
The scrip opened at Rs 577.20 and has touched a high and low of Rs 588.20 and Rs 571.90 respectively. So far 3244 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52-week high of Rs 633.85 on 24-Jun-2025 and a 52-week low of Rs 527.05 on 23-Jun-2025.
Last one week high and low of the scrip stood at Rs 596.35 and Rs 567.10 respectively. The current market cap of the company is Rs 3664.59 crore.
The promoters holding in the company stood at 43.39%, while Institutions and Non-Institutions held 2.86% and 53.75% respectively.
Jash Engineering is planning to acquire WesTech Process Equipment India (WPEIPL) by purchasing 80% stake held by WesTech LLC, USA, along with an additional 10% stake held by employees of the Indian entity. Currently, WPEIPL employees collectively hold a 20% ownership stake in the company. The remaining 10% stake will be acquired from the employees after three years at a pre-agreed valuation multiple. The company aim to complete due diligence and sign the Share Purchase Agreement (SPA) by end of August 2025 and expect to close the acquisition by September/October 2025.
With this acquisition, the company aims to foray into the fast-growing industrial process equipment segment. This acquisition serves as a strong complement to company’s existing Shivpad Process Equipment Division in Chennai, which currently focuses on the municipal segment. Besides, it aligns with company’s growth strategy, expanding its service portfolio while also building scale. The combined turnover of WPEIPL and Shivpad for FY25 exceeds Rs 100 crore, positioning the company as one of the leading players in the municipal and industrial water process equipment market in India.
Jash Engineering is a leading supplier, manufacturer of gates and grilles fences.
