V-Guard Set to Acquire Majority Stake in GUTS Electromech Ltd.

V-Guard Industries

New Delhi: The director board of consumer electrical and electronics company, V-Guard Industries, has given its in-principle approval to acquire majority stake in Hyderabad-based GUTS Electromech Ltd.

The board of directors considered the proposal to acquire majority stake in the equity of GUTS Electromech Ltd, and accorded its in-principle approval to make the investment, the company said in a BSE filing.

GUTS Electromech is engaged in the manufacture and marketing of various kinds of domestic switch gears and power transformers.