BRIEF-Mahindra CIE Automotive Approves Acquisition Of Aurangabad Electricals For 8.30 Bln Rupees

  • Reuters
  • Stock Market News
BRIEF-Mahindra CIE Automotive Approves Acquisition Of Aurangabad Electricals For 8.30 Bln Rupees
Credit: © Reuters.

March 12 (Reuters) - Mahindra CIE Automotive Ltd MAHN.NS :

* SAYS APPROVED ACQUISITION OF 100 PERCENT OF ISSUED AND OUTSTANDING SHARE CAPITAL OF AURANGABAD ELECTRICALS LIMITED

* SAYS ACQUISITION IS PROPOSED TO BE COMPLETED ON OR PRIOR TO APRIL 10

* SAYS EFFECTIVE NET EQUITY CONSIDERATION FOR THE DEAL 8.30 BILLION RUPEES

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