Salzer Electronics

Salzer Electronics was granted a patent for its 'Disconnecting and Earthing Device for High Voltage Applications,' according to an exchange filing

Thus far in the calendar year 2024 (CY2024), the stock price of Salzer has zoomed 107 per cent from level of Rs 404.05. In comparison, the S&P BSE Sensex is up less than 1per cent

Salzer Electronics will fund this transaction through a mix of internal accruals and debt. The acquisition is subject to regulatory approvals

Acquisition was to aid Salzer to expand its presence into the electrical equipment sector