ALSO READCentum Electronics consolidated net profit declines 68.76% in the June 2016 quarter Centum Electronics consolidated net profit rises 84.09% in the September 2016 quarter Centum Electronics standalone net profit rises 93.77% in the September 2016 quarter Centum Electronics standalone net profit declines 82.81% in the June 2016 quarter Centum Electronics gains after acquiring France's Adetel Group
At meeting held on 29 November 2016Centum Electronics announced that the Board of Directors of the Company at its meeting held on 29 November 2016 approved the proposal for further investment in Adetel Group SA.
With the proposed investment, Centum Electronics stake in Adetel Group will increase from 51% to 54%. Further, the above investment will be done through the wholly owned subsidiary company, Centum Electronics UK.
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