Legrand Acquires Numeric Power's UPS Biz For R806Cr
by Irfan Khan
Legrand Group is acquiring the UPS business of Numeric Power Systems in India & Sri Lanka for R806.5Cr. The stake was acquired by @Indo_Asian Pvt Ltd, the wholly owned subsidiary of Legrand.
Legrand Group will also acquire the UPS business of Numeric Singapore Pte Ltd for $4.5Mn.
Ambit Corporate Finance acted as the exclusive financial advisor to Legrand.
Amarchand & Mangaldas & Suresh A. Shroff & Co were the legal advisors for Legrand and Universal Legal for Numeric Power Systems. Ernst & Young and Lakshmi Kumaran & Sridharan provided assistance on respectively financial due diligence and tax due diligence related matters on this transaction.
Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.
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