Blog
Planify news
Mahindra CIE acquires Aurangabad Electricals for ₹830 crore
Link copied
Mahindra CIE acquires Aurangabad Electricals for ₹830 crore
13 March 2019
Mahindra CIE Automotive Ltd has acquired Aurangabad Electricals Ltd for ₹830 crore, marking its entry into the aluminium die-casting industry. The acquisition will also strengthen its presence in the two-wheeler market. The acquisition will help Mahindra CIE foray into aluminium die casting space and strengthen presence in two-wheeler market. The deal is among several struck in India's auto components industry in a private equity-driven consolidation wave.
Mahindra CIE Automotive Ltd has acquired Aurangabad Electricals Ltd for ₹830 crore, marking its entry into the aluminium die-casting industry. The acquisition will also strengthen its presence in the two-wheeler market. The acquisition will help Mahindra CIE foray into aluminium die casting space and strengthen presence in two-wheeler market. The deal is among several struck in India's auto components industry in a private equity-driven consolidation wave.
Stay Connected, Stay Informed –
Join Our
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.