12
Sep
Ahmedabad (Gujarat) [India], September 12: Power & Instrumentation (Gujarat) Limited (PIGL) (NSE: PIGL, BSE: 543912), one of the leading players in the electrical contracting and equipment sector, has agreed to acquire an additional 35.82% stake in Peaton Electrical Company Limited (PECL). This strategic acquisition will bring PIGL’s total shareholding to 51.06%, making PECL a subsidiary. Prior to this transaction, PIGL already held a 15.23% stake in PECL. About Peaton Electrical Company Limited PECL specialises in manufacturing electrical materials such as unitised substations, M.V. panels, L.V. panels, bus trunking systems and compact substations The company’s product portfolio also includes auto-synchronising panels,…
