Marine Electricals (India) Limited — JV/Acquisition, 12-05-2025: Acquisition

Marine Electricals (India) increased its stake in Marks Marine Radio from 49.2% to 59.2%, making it a subsidiary. This boosts Marine Electricals' grip in the marine communication equipment sector, aligning with its strategy to deepen market presence and control. The deal is set to improve operational synergies and is expected to support revenue growth and margin expansion.