Incorporated in 1994, Pavna Industries is a manufacturer and supplier of Locks, Auto Locks and Auto Parts
Pavna Industries will acquire 52.38% in Pavna Electric Systems, making it a subsidiary. Concurrently, it's divesting 50.74% stakes in Pavna Auto Engineering for ~₹8.80 Cr and Swapnil Switches for ~₹2.55 Cr, aiming to streamline operations and boost capital efficiency.
Pavna Industries is acquiring a 52.38% equity stake in Pavna Electric Systems Private Limited for approximately 0.17 Cr, making it a subsidiary. This strategic move aims to leverage synergies within the automobile components industry. The acquisition will enhance Pavna Industries' manufacturing capabilities, expand its product portfolio, and strengthen its market...
Pavna Industries' board approved acquiring 52.38% of Pavna Electric Systems, making it a subsidiary. They also divested their entire 50.74% stake in Pavna Auto Engineering for ~₹8.80 Cr and 50.74% in Swapnil Switches for ~₹2.55 Cr, exiting these subsidiaries.