Quality Power zooms on acquiring 51% stake in Mehru Electrical and Mechanical Engineers
Quality Power Electrical Equipments is currently trading at Rs. 357.95, up by 19.95 points or 5.90% from its previous closing of Rs. 338.00 on the BSE.
The scrip opened at Rs. 340.00 and has touched a high and low of Rs. 374.30 and Rs. 338.60 respectively. So far 157458 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 432.05 on 24-Feb-2025 and a 52 week low of Rs. 335.50 on 06-Mar-2025.
Last one week high and low of the scrip stood at Rs. 383.05 and Rs. 335.50 respectively. The current market cap of the company is Rs. 2811.61 crore.
The promoters holding in the company stood at 73.91%, while public held 26.09% stake in the company.
Quality Power Electrical Equipments (QPEEL) has acquired 51% stake in Mehru Electrical and Mechanical Engineers (MEMEPL), a leading manufacturer of high-voltage instrument transformers for utilities, industries and power transmission networks, for a total cash consideration of Rs 120 crore, through a Share Purchase Agreement. This acquisition represents a strategic milestone, aligning with Quality Power’s long-term vision to expand its technological capabilities, USP, manufacturing scale and global market reach.
Quality Power Electrical Equipments is engaged in manufacturing of power products and providing services in the areas of Power Generation, Power Transmission, Power Distribution and Power Automation.
