V-Guard acquires non-controlling stake in a battery startup - Gegadyne Energy Labs Private Limited
Posted On: 2021-01-15 03:54:12 (Time Zone: Arizona, USA)
V-Guard Industries 01-Guard), India s leading FMEG company, today announced that its Board has approved the acquisition of a minority stake (18.77%) in Gegadyne Energy Labs Private Limited (GEL) for a cash consideration of Rs. 33.4 crores.
GEL is a Mumbai based alternate battery technology start-up developing innovative energy storage (battery) solutions, which could deliver better battery performance on key parameters like total cost of ownership (TCO), Life Cycle, Recharge time, Safety profile and Maintenance costs, compared to prevalent battery technologies. In addition, all key raw materials can be sourced locally, thereby providing distinctive advantage against some of the upcoming battery technologies based on rare metals with significant import dependence.
V-Guard Industries Limited board to consider investment proposal on Jan 15, 2021
Posted On: 2021-01-10 04:50:14 (Time Zone: Arizona, USA)
A meeting of the Board of Directors of V-Guard Industries Limited (the Company) will be held on Friday, January 15, 2021, at the Registered Office of the Company, to consider an investment proposal.
Shares of V-GUARD INDUSTRIES LTD. was last trading in BSE at Rs.214.05 as compared to the previous close of Rs. 216.4. The total number of shares traded during the day was 104972 in over 3162 trades.
The stock hit an intraday high of Rs. 220 and intraday low of 206.9. The net turnover during the day was Rs. 22652335.