At meeting held on 12 March 2019
The Board of Mahindra CIE Automotive at its meeting held on 12 March 2019 has approved the acquisition of 100% of the issued and outstanding share capital of Aurangabad Electricals for an enterprise value of Rs 875.6 crore which includes a future deferred payment estimated upto Rs 62.2 crore.This acquisition helps the company to enter the aluminum die casting technology space.
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